Habits and heterogeneity in demands: a panel data analysis
نویسندگان
چکیده
منابع مشابه
Habits and Heterogeneity in Demands: a Panel Data Analysis
We examine demand behaviour for intertemporal dependencies, using Spanish panel data. We present evidence that there is both state dependence and correlated heterogeneity in demand behaviour. Our specific findings are that food outside the home, alcohol and tobacco are habit forming whereas clothing and small durables exhibit durability. We conclude that demand analyses using cross-section data...
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ژورنال
عنوان ژورنال: Journal of Applied Econometrics
سال: 2007
ISSN: 0883-7252,1099-1255
DOI: 10.1002/jae.952