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Modelling commodity demands and labour supply with m-demands

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  • Martin Browning

    (Institute of Economics, University of Copenhagen)

Abstract

In the empirical modelling of demands and labour supply we often lack data on a full set of goods. The usual response is to invoke separability assumptions. Here we present an alternative based on modelling demands as a function of prices and the quantity of a reference good rather than total expenditure. We term such demands m-demands. The advantage of this approach is that we make maximum use of the data to hand without invoking implausible separability assumptions. In the theory section quasi-Slutsky conditions are derived and some structural and separability conditions are presented. We also derive functional forms for empirical work. Finally an empirical illustration on Canadian expenditure data is given. This illustrates both the implementation of the ideas presented in the theory section and the empirical costs of not having a full set of data.

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Bibliographic Info

Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 99-08.

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Length: 29 pages
Date of creation: Dec 1998
Date of revision:
Handle: RePEc:kud:kuiedp:9908

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Related research

Keywords: consumer demands; labour supply; Slutsky conditions;

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Cited by:
  1. Bhalotra, Sonia & Heady, Christopher, 2001. "Child farm labour : the wealth paradox," Social Protection Discussion Papers 24088, The World Bank.
  2. Deborah Cobb-Clark & Marie D. Connolly & Christopher Worswick, 2000. "Does the Family Investment Hypothesis Explain Immigrant Labor Market Activity?," Econometric Society World Congress 2000 Contributed Papers 0828, Econometric Society.
  3. Olivier Donni & Nicolas Moreau, 2007. "Collective Labor Supply: A Single-Equation Model and Some Evidence from French Data," Journal of Human Resources, University of Wisconsin Press, vol. 42(1).

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