A new set of consumer demand estimates for Ireland

David (David Patrick) Madden

No 199213, Working Papers from School of Economics, University College Dublin

Abstract: This paper provides a new set of consumer demand estimates for Ireland, incorporating a variety of different consumer demand models. Own-price and expenditure elasticities are presented and tests of the propositions implied by utility-maximisation are carried out, including the use of small-sample corrections. The results obtained show reasonable agreement across the different deterministic models but stochastic specification appears to be of crucial importance both for plausibility of estimates obtained and for rejection or non-rejection implied by utility-maximisation.

Keywords: Consumption; (Economics)--Ireland (search for similar items in EconPapers)
Date: 1992-08
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http://hdl.handle.net/10197/1684 First version, 1992 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ucn:wpaper:199213

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