The spanish family budget (EPF) data and the law of demand
AbstractA series of properties of the distribution of income and aggregated expenditure on goods and services has been postulated by W. Hildenbrand (1994) and others to hold. In this paper we infer on these properties from the Spanish Family Budget Survey (EPF) of the years 1973, 1980, 1990, using nonparametric statistical methods. This provides ample evidence for the Weak Axiom of Revealed Preference of the market demand function, and the Law Of Demand to hold.
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Bibliographic InfoPaper provided by University of Bonn, Germany in its series Discussion Paper Serie A with number 581.
Date of creation: Aug 1998
Date of revision:
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Postal: Bonn Graduate School of Economics, University of Bonn, Adenauerallee 24 - 26, 53113 Bonn, Germany
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Family Expenditure Surveys; Spanish household data; cross-sectional data analysis; non-parametric estimation; weak axiom; Law of Demand;
Find related papers by JEL classification:
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
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