Improving revealed preference bounds on demand responses
Abstract
There are three key dimensions by which revealed preference bounds on consumer demand responses can be improved. The first relates to the improvements that arise from using expansion paths for given relative prices, E-bounds. The second concerns the addition of new price information. Thirdly, there are improvements due to assuming separability. Our previous research has examined the first two cases. In this article, we show how to impose separability assumptions within a fully nonparametric analysis and distinguish between weak and homothetic separability. We also apply these ideas to the analysis of demand responses using United Kingdom household level data.Download Info
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Paper provided by University College London in its series Open Access publications from University College London with number http://discovery.ucl.ac.uk/15869/.Length:
Date of creation: Nov 2007
Date of revision:
Publication status: Published in INTERNATIONAL ECONOMIC REVIEW (2007-11) v.48, p.1227-1244
Handle: RePEc:ner:ucllon:http://discovery.ucl.ac.uk/15869/
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Web page: http://www.ucl.ac.uk
Related research
Keywords:Other versions of this item:
- Richard Blundell & Martin Browning & Ian Crawford, 2007. "Improving Revealed Preference Bounds On Demand Responses," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 48(4), pages 1227-1244, November.
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Richard BLUNDELL & Martin BROWNING & Laurens CHERCHYE & Ian CRAWFORD & Bram DE ROCK & Frederic VERMEULEN, 2012.
"Sharp for SARP: nonparametric bounds on the behavioural and welfare effects of price changes,"
Center for Economic Studies - Discussion papers
ces12.11, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
- Blundell, Richard & Browning, Martin & Cherchye, Laurens & Crawford, Ian & De Rock, Bram & Vermeulen, Frederic, 2012. "Sharp for SARP: nonparametric bounds on the behavioural and welfare effects of price changes," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/356021, Katholieke Universiteit Leuven.
- Blundell, R. & Browning, M. & Cherchye, L.J.H. & Crawford, I. & Rock, B. de & Vermeulen, F.M.P., 2012. "Sharp for SARP: Nonparametric Bounds on the Behavioural and Welfare Effects of Price Changes," Discussion Paper 2012-065, Tilburg University, Center for Economic Research.
- Richard Blundell & Martin Browning & Laurens Cherchye & Ian Crawford & Bram De Rock & Frederic Vermeulen, 2012. "Sharp for SARP: Nonparametric bounds on the behavioural and welfare effects of price changes," IFS Working Papers W12/14, Institute for Fiscal Studies.
- Laurens CHERCHYE & Thomas DEMUYNCK & Bram DE ROCK, 2011.
"Revealed preference tests for weak separability: an integer programming approach,"
Center for Economic Studies - Discussion papers
ces11.25, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
- Cherchye, Laurens & Demuynck, Thomas & De Rock, Bram, 2011. "Revealed preference tests for weak separability: an integer programming approach," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/318018, Katholieke Universiteit Leuven.
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