منابع مشابه
An Engel Curve for Variety
Standard approaches to measuring the welfare gains from variety take variety as exogenous to consumers. Empirically we observe an Engel curve for variety, with richer consumers purchasing a larger set of varieties than poor ones. I present a tractable model for analyzing the welfare gains from variety in the presence of this non-homotheticity. The model generates variety Engel curves through di...
متن کاملZero Expenditures and Engel Curve Estimation
Zeroes expenditure represent a difficulty in the analysis of household survey data. Zero expenditures are the result of two phenomena: nonconsumption and infrequency of purchase. Distinguishing between these types of zeroes is difficult in the kinds of data of interest to agricultural economists. This paper proposes a novel approach that yields less biased estimates of latent expenditure when t...
متن کاملThe Free Electricity Allowance and the Engel Curve
In 1994 over 18 per cent of Irish households possessed a free electricity allowance. This creates complications in using the 1994-95 Household Budget Survey to estimate an Engel curve for electricity expenditure. Ignoring the allowances leads to biased estimates of elasticities and distorts comparisons between sectors. Examining the sub-populations with and without allowances results in conclus...
متن کاملChanging your role models: Social learning and the Engel curve
By relating Engel curves and social learning, we explain the existence of differently shaped Engel curves—an interesting phenomenon in the theory of demand. A formal approach to cultural learning within a population of consumers accounts for some cognitive foundations of these demand patterns. We find that a changing influence of an individual’s role models due to her increasing income, which e...
متن کاملAn In nite Family of Engel
The Extended Engel Expansion is an algorithm that leads to unique series expansions of q-series. Various examples related to classical partition theorems, including the Rogers-Ramanujan identities, have been given recently. The object of this paper is to show that the new and elegant Rogers-Ramanujan generalization found by Garrett, Ismail, and Stanton also ts into this framework. This not only...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Review of Economics and Statistics
سال: 2021
ISSN: 0034-6535,1530-9142
DOI: 10.1162/rest_a_00879