Estimation of household demand systems with theoretically compatible Engel curves and unit value specifications

Ian Crawford, Francois Laisney and Ian Preston

No W02/17, IFS Working Papers from Institute for Fiscal Studies

Abstract: We develop a method for estimation of price reactions using unit value data which exploits the implicit links between quantity and unit value choices. This allows us to combine appealing Engel curve specifications with a model of unit value determination in a way which is consistent with demand theory, unlike methods hitherto prominent in the literature. The method is applied to Czech data.

Keywords: Consumer demand; unit values (search for similar items in EconPapers)
JEL-codes: D11 D12 (search for similar items in EconPapers)
Pages: 35 pp
Date: 2002-10-01
New Economics Papers: this item is included in nep-mic
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Estimation of household demand systems with theoretically compatible Engel curves and unit value specifications (2003)
Working Paper: Estimation of Household Demand Systems with Theoretically Compatible Engel Curves and Unit Value Specifications (2002)
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