Estimation of Price Elasticities from Norwegian Household Survey Data

Arbeitspapier

In this paper, a subsystem of demand equations is estimated using data from the Norwegian survey of household expenditures 1989-1991. One objective has been to obtain substantial knowledge of Norwegian household demand for a set of food groups, with emphasis on price responses, using two different approaches, namely, the method proposed in Deaton (1990), which utilises unit values instead of market prices, and an alternative approach, which relies on market prices. Comparing the two approaches, we conclude that they produce significantly different results. Possible explanations of this finding and implications for further research are discussed.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Discussion Papers ; No. 202

Classification and Topics

• Classification: Wirtschaft
• Subject: Consumer demand ; price elasticities ; unit values ; quality.

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Brubakk, Leif
• Event: Veröffentlichung
• (who): Statistics Norway, Research Department
• (where): Oslo
• (when): 1997

Further information

• Handle: http://hdl.handle.net/10419/192186
• Last update: 10.03.2025, 11:41 AM CET