Maximum likelihood and two-step estimators of censored demand systems yield biased and inconsistent parameter estimates when the assumed joint distribution of d
Consumer demand microdata typically exhibit a great deal of expenditure variation but not very much price variation. In this paper, we propose a semiparametric
Abstract: This dissertation is composed of three chapters centering on nonparametric econometrics with applications to consumer demand system analysis, value-at
This study of demand analysis links economic theory to empirical analysis. It demonstrates how theory can be used to specify equation systems suitable for empir