Bounding quantile demand functions using revealed preference inequalities

Published on 1 April 2014

This Journal article has been replaced by Bounding quantile demand functions using revealed preference inequalities

This paper develops a new approach to the estimation of consumer demand models with unobserved heterogeneity subject to revealed preference inequality restrictions.

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http://www.sciencedirect.com/science/article/pii/S0304407614000177

This paper develops a new approach to the estimation of consumer demand models with unobserved heterogeneity subject to revealed preference inequality restrictions. Particular attention is given to nonseparable heterogeneity. The inequality restrictions are used to identify bounds on counterfactual demand. A nonparametric estimator for these bounds is developed and asymptotic properties are derived. An empirical application using data from the UK Family Expenditure Survey illustrates the usefulness of the methods.

    Authors

    Richard Blundell
    Richard Blundell

    Co-director, CPP Institute

    Richard is an CPP Institute Co-director and the Ricardo Professor of Political Economy at University College London.

    Journal article details

    DOI
    10.1016/j.jeconom.2014.01.005
    Publisher
    Elsevier B.V.
    JEL
    C20, D12
    Issue
    Volume 179, Issue 2, April 2014, pages 112-127

    Suggested citation

    Blundell, R., Kristensen, D., and Matzkin, R. (2014), 'Bounding quantile demand functions using revealed preference inequalities'179(2), 112–127, https://doi.org/10.1016/j.jeconom.2014.01.005

    Grant

    Advancing microdata models and methods

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