Estimation of Demand Functions Using Cross-Sectional Household Data: The Problem Revisited
Diansheng Dong (),
J Shonkwiler and
Oral Capps
American Journal of Agricultural Economics, 1998, vol. 80, issue 3, 466-473
Abstract:
A procedure that corrects for selectivity bias is proposed to estimate demand functions using cross-sectional data under the assumption that prices vary across households. This procedure, which extends the work by Cox and Wohlgenant, includes a two-equation system of expenditure and unit value functions. This model is applied to household expenditures for beef steaks and roasts. Copyright 1998, Oxford University Press.
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:80:y:1998:i:3:p:466-473
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