Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If you need an accessible version of this item please contact JSTOR User Support

What do we Learn About Consumer Demand Patterns from Micro Data?

Richard Blundell, Panos Pashardes and Guglielmo Weber
The American Economic Review
Vol. 83, No. 3 (Jun., 1993), pp. 570-597
Stable URL: http://www.jstor.org/stable/2117534
Page Count: 28
  • Download ($10.00)
  • Subscribe ($19.50)
  • Cite this Item
If you need an accessible version of this item please contact JSTOR User Support
What do we Learn About Consumer Demand Patterns from Micro Data?
Preview not available

Abstract

The aim of this paper is to assess the importance of using micro-level data in the econometric analysis of consumer demand. To do this we utilize a time series of repeated cross sections covering some 4,000 households in each of 15 years. Employing a number of different aggregation procedures, we conclude that aggregate data alone are unlikely to produce reliable estimates of structural price and income coefficients. However, once certain "aggregation factors" as well as trend and seasonal components are included, an aggregate model is not necessarily outperformed across all demand equations in terms of forecasting ability.

Page Thumbnails

  • Thumbnail: Page 
570
    570
  • Thumbnail: Page 
571
    571
  • Thumbnail: Page 
572
    572
  • Thumbnail: Page 
573
    573
  • Thumbnail: Page 
574
    574
  • Thumbnail: Page 
575
    575
  • Thumbnail: Page 
576
    576
  • Thumbnail: Page 
577
    577
  • Thumbnail: Page 
578
    578
  • Thumbnail: Page 
579
    579
  • Thumbnail: Page 
580
    580
  • Thumbnail: Page 
581
    581
  • Thumbnail: Page 
582
    582
  • Thumbnail: Page 
583
    583
  • Thumbnail: Page 
584
    584
  • Thumbnail: Page 
585
    585
  • Thumbnail: Page 
586
    586
  • Thumbnail: Page 
587
    587
  • Thumbnail: Page 
588
    588
  • Thumbnail: Page 
589
    589
  • Thumbnail: Page 
590
    590
  • Thumbnail: Page 
591
    591
  • Thumbnail: Page 
592
    592
  • Thumbnail: Page 
593
    593
  • Thumbnail: Page 
594
    594
  • Thumbnail: Page 
595
    595
  • Thumbnail: Page 
596
    596
  • Thumbnail: Page 
597
    597