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Estimation of household demand systems with theoretically compatible Engel curves and unit value specifications Author info | Abstract | Publisher info | Download info | Related research | Statistics Ian Crawford () (Institute for Fiscal Studies and University of Oxford)
François Laisney (Institute for Fiscal Studies and ZEW, Mannheim)
Ian Preston () (Institute for Fiscal Studies and University College London)
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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.
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Paper provided by Institute for Fiscal Studies in its series IFS Working Papers with number
W02/17.
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Length: 35 pp
Date of creation: Oct 2002Date of revision:
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Keywords: Consumer demand ; unit values ; Other versions of this item:
Article Paper Preston, Ian & Laisney, Francois & Crawford, Ian A., 1997.
"Estimation of Household Demand Systems with Theoretically Compatible Engel Curves and Unit Value Specifications ,"
ZEW Discussion Papers
97-06, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
[Downloadable!] Preston, Ian & Laisney, Francois & Crawford, Ian, 2002.
"Estimation of Household Demand Systems with Theoretically Compatible Engel Curves and Unit Value Specifications ,"
ZEW Discussion Papers
97-06 [rev.], ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
[Downloadable!] Find related papers by JEL classification: D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
This paper has been announced in the following NEP Reports :
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