Bounding quantile demand functions using revealed preference inequalities

Arbeitspapier

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.

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• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: cemmap working paper ; No. CWP21/11

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Single Equation Models; Single Variables: General ; Consumer Economics: Empirical Analysis
• Thema: consumer behaviour ; revealed preference ; bounds ; quantile regression ; Offenbarte Präferenzen ; Schätztheorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Blundell, Richard ; Kristensen, Dennis ; Matzkin, Rosa
• Ereignis: Veröffentlichung
• (wer): Centre for Microdata Methods and Practice (cemmap)
• (wo): London
• (wann): 2011

Weitere Informationen

• DOI: doi:10.1920/wp.cem.2011.2111
• Handle: http://hdl.handle.net/10419/64741