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Estimation of Household Demand Systems Using Unit Value Data

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Author Info
Preston, Ian
Laisney, Francois
Crawford, Ian A.

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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. --

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Publisher Info
Paper provided by ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research in its series ZEW Discussion Papers with number 97-06.

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Date of creation: 1997
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Handle: RePEc:zbw:zewdip:7131

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Related research
Keywords: Consumer demand; unit values; quality;

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Find related papers by JEL classification:
D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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