Crawford, I.;
Laisney, F.;
Preston, I.;
(2002)
Estimation of household demand systems with theoretically compatible Engel curves and unit value specifications.
(IFS Working Papers
W02/17).
Institute for Fiscal Studies: London, UK.
![[thumbnail of 2948.pdf]](https://discovery.ucl.ac.uk/style/images/fileicons/application_pdf.png) Preview |
PDF
2948.pdf Download (365kB) |
Abstract
We develop a method for estimation of price reactions using unit value data which exploits the implicit links between quantity and unit value choices. This allows us to combine appealing Engel curve specifications with a model of unit value determination in a way which is consistent with demand theory, unlike methods hitherto prominent in the literature. The method is applied to Czech data.
| Type: | Working / discussion paper |
|---|---|
| Title: | Estimation of household demand systems with theoretically compatible Engel curves and unit value specifications |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://dx.doi.org/10.1920/wp.ifs.2002.0217 |
| Language: | English |
| Keywords: | JEL classification: D11, D12. Consumer demand, unit values |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/2948 |
Archive Staff Only
 |
View Item |
