Estimation of demand functions using cross-sectional household data: The problem revisited
- Additional Document Info
- View All
A procedure that corrects for selectivity bias is proposed to estimate demand functions using cross-sectional data under the assumption that prices vary across households. This procedure, which extends the work by Cox and Wohlgenant, includes a two-equation system of expenditure and unit value functions. This model is applied to household expenditures for beef steaks and roasts.
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS
author list (cited authors)
Dong, D. S., Shonkwiler, J. S., & Capps, O.
complete list of authors
Dong, DS||Shonkwiler, JS||Capps, O