Beyond the mean: Estimating consumer demand systems in the tails
The study proposes a novel approach to estimate price demand elasticities at the various levels of expenditures. Through the expectile estimator, the demand system can be estimated not only at the mean, as is generally done when implementing the OLS, but also at the lower and higher levels of expend...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Czech Academy of Agricultural Sciences
2017-10-01
|
| Series: | Agricultural Economics (AGRICECON) |
| Subjects: | |
| Online Access: | https://agricecon.agriculturejournals.cz/artkey/age-201710-0002_beyond-the-mean-estimating-consumer-demand-systems-in-the-tails.php |