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The Effect of Measurement Errors on the Estimation of Demand Systems

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Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 25)

Abstract

Statistical inference in complete demand systems is usually based on imperfect data. This letter explores some of the implications of these imperfections, in particular for the estimates of income elasticities.

Keywords

Error Component Income Elasticity Observational Error Demand System Budget Share 
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Copyright information

© Springer Science+Business Media Dordrecht 1992

Authors and Affiliations

  1. 1.University of ChicagoChicagoUSA

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