Unobserved Preference Heterogeneity in Demand Using Generalized Random Coefficients.
We prove a new identification theorem showing nonparametric identification of the joint distribution of random coefficients in general nonlinear and additive models. This differs from existing random coefficients models by not imposing a linear index structure for the regressors. We then model unobs...
| Publicado en: | Journal of Political Economy Vol. 125; no. 4; pp. 1100 - 1149 |
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| Autores principales: | , |
| Formato: | Artículo |
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University of Chicago Press
Aug2017
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=124184104&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 124184104 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00223808 JPE jtl: Journal of Political Economy issn: 00223808 maglogo: N pubinfo: dt: Aug2017 vid: 125 iid: 4 pid: 415 pub: University of Chicago Press artinfo: ui: 124184104 10.1086/692808 ppf: 1100 ppct: 49 formats: tig: atl: Unobserved Preference Heterogeneity in Demand Using Generalized Random Coefficients. aug: au: Lewbel, Arthur Pendakur, Krishna affil: Boston College Simon Fraser University su: Preference heterogeneity Consumers' surplus Multilevel models Nonparametric statistics Energy tax sug: subj: Preference heterogeneity Consumers' surplus Multilevel models Nonparametric statistics Energy tax ab: We prove a new identification theorem showing nonparametric identification of the joint distribution of random coefficients in general nonlinear and additive models. This differs from existing random coefficients models by not imposing a linear index structure for the regressors. We then model unobserved preference heterogeneity in consumer demand as utility functions with random Barten scales. These Barten scales appear as random coefficients in nonlinear demand equations. Using Canadian data, we compare estimated energy demand functions with and without random Barten scales. We find that unobserved preference heterogeneity substantially affects the estimated consumer surplus costs of an energy tax. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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