Economics, Econometrics and Finance
8 years ago

New method reveals hidden patterns in consumer spending habits!

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Journal of Econometrics
Inferential methods for elasticity estimates
Joseph G. Hirschberg, Jenny Lye, Daniel J. Slottje

Paper Summary

The article explores how to estimate elasticities of expenditure from demand analysis. The researchers use different models to estimate these elasticities, such as OLS and Tobit. They show how to create confidence intervals for these estimates and analyze the expenditure elasticities for different household levels.

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