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On estimating the cost of characteristics indices from consumer demand analysis
(2003)
We examine the information content of relative equivalence scales using a multiperiod framework and argue that in the absence of Independence of Base (IB) these scales can be uniquely identified from demand analysis only ...
Age effects on consumer demand: An additive partially linear regression model
(2002)
An additive partially linear regression model is used to estimate non-parametrically the effects of total expenditure and age in the context of Engel curves and to investigate the specification and welfare interpretation ...
Estimates of the black economy based on consumer demand approaches
(2004)
We propose a consumer demand system approach to estimating the size of the black economy where alternative hypotheses affecting the empirical results can be tested in a nested framework. This approach allows for the ...
Dynamic analysis of British demand for tourism abroad
(2000)
This paper investigates how preference endogeneity, in the form of habit persistence, can affect short-run and long-run tourism expenditure decisions. The proposed model is applied to British quarterly data over the period ...
Quality standards for used durables: An indirect subsidy?
(2008)
We construct a theoretical framework to study the impact of quality standards for used durable goods on trade flligatureows, profiligaturets and consumer welfare. We show that asymmetric quality standards generate trade ...
Equity culture and household behavior
(2002)
Equity culture has spread among households on both sides of the Atlantic. We study likely effects of equity culture on the behavior of households entering the stock market. Without borrowing constraints, the improved ...
Demographic versus expenditure flexibility in Engel curves
(2008)
We consider the effects of demographic and expenditure variables on consumer demand in a system of Engel curves using a smooth coefficient semiparametric model where the expenditure effects on the budget shares vary ...