Estimation of Demand Parameters under Consumer Budgeting: An Application to Argentina
Alain de Janvry (),
J. Bieri and
American Journal of Agricultural Economics, 1972, vol. 54, issue 3, 422-430
This study assumes that consumer expenditures occur in a stepwise fashion in which income is fist allocated to budget categories and then to optimum quantities within each category. With this assumption, a model was developed to estimate the price and icome elasticities of demand of all items in one budget category—like food—and the cross-price elasticities of these items with all others. The approach permits one to specify the changes in expenditure levels on budget categories from cross-section information and the flexibility of money. The model was empirically applied to Argentine consumption data.
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:54:y:1972:i:3:p:422-430.
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