Preference Heterogeneity and the Rank of Demand Systems
Bibliographic Data
| ID | 19418031 |
|---|---|
| Authors | Panayiota Lyssiotou (0000-0001-6007-3023, University of Cyprus), Panos Pashardes (University of Cyprus), Thanasis Stengos (0000-0002-7771-1121, University of Guelph) |
| Year | 1999 |
| Volume | 17 |
| Issue | 2 |
| Pages | 248-252 |
| Publication date | 1999-04-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Business and Economic Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0735-0015 • E-ISSN: 1537-2707 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/07350015.1999.10524814 |
| OpenAlex | W2086783742 |
| Language | EN |
| Citations received | 1 |
| References cited | 11 |
This article examines the effect of preference heterogeneity on nonparametric and parametric tests of the rank of demand systems. Using samples of households drawn from the U.K. Family Expenditure Survey, we find that preference heterogeneity increases the rank of demand systems. When the effects of household characteristics on demand are removed by semiparametric techniques, a rank-3 demand system appears to be an adequate empirical specification for all samples
Econometrics · Economics · Microeconomics · Nonparametric statistics · Parametric statistics · Preference · Preference theory · Revealed preference · Semiparametric model · Statistics · Consumer Market Behavior and Pricing · Economics of Agriculture and Food Markets · Gender, Labor, and Family Dynamics · Mathematics
| Citations per year | 0.05 |
|---|---|
| Citation span | 2004 - 2004 (1) |
| Highly cited | No |