Arbeitspapier
Bounding quantile demand functions using revealed preference inequalities
This paper develops a new technique for the estimation of consumer demand models with unobserved heterogeneity subject to revealed preference inequality restrictions. Particular attention is given to nonseparable heterogeneity. The inequality restrictions are used to identify bounds on quantile demand functions. A nonparametric estimator for these bounds is developed and asymptotic properties are derived. An empirical application using data from the U.K. Family Expenditure Survey illustrates the usefulness of the methods by deriving bounds and confidence sets for estimated quantile demand functions.
- Sprache
-
Englisch
- Erschienen in
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Series: cemmap working paper ; No. CWP21/11
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: General
Consumer Economics: Empirical Analysis
- Thema
-
consumer behaviour
revealed preference
bounds
quantile regression
Offenbarte Präferenzen
Schätztheorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Blundell, Richard
Kristensen, Dennis
Matzkin, Rosa
- Ereignis
-
Veröffentlichung
- (wer)
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Centre for Microdata Methods and Practice (cemmap)
- (wo)
-
London
- (wann)
-
2011
- DOI
-
doi:10.1920/wp.cem.2011.2111
- Handle
- Letzte Aktualisierung
- 10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Blundell, Richard
- Kristensen, Dennis
- Matzkin, Rosa
- Centre for Microdata Methods and Practice (cemmap)
Entstanden
- 2011