Bounding quantile demand functions using revealed preference inequalities

被引：40

作者：

Blundell, Richard ^{[1
,2
]}

Kristensen, Dennis ^{[1
,2
,3
]}

Matzkin, Rosa ^{[4
]}

机构：

[1] UCL, Dept Econ, London WC1E 6BT, England

[2] Inst Fiscal Studies, London, England

[3] Univ Aarhus, CREATES, Aarhus, Denmark

[4] Univ Calif Los Angeles, Dept Econ, Los Angeles, CA 90024 USA

来源：

JOURNAL OF ECONOMETRICS | 2014年 / 179卷 / 02期

基金：

美国国家科学基金会; 欧洲研究理事会;

关键词：

Consumer behavior; Revealed preference; Bounds; Quantile regression; INSTRUMENTAL VARIABLE ESTIMATION; NONPARAMETRIC-ESTIMATION; NONSEPARABLE MODELS; HYPOTHESIS TESTS; IDENTIFICATION; INFERENCE; SYSTEMS; ESTIMATORS; PARAMETER; BEHAVIOR;

D O I：

10.1016/j.jeconom.2014.01.005

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2014 Elsevier B.V. All rights reserved.

引用

页码：112 / 127

页数：16

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