Preference shifts and the change of consumption composition
Addessi, W.
2014-01-01
Abstract
While most of the literature explaining the change in consumption composition has focused on the role of relative prices and non-homothetic preferences, this paper examines the importance of preference shifts. I introduce dynamics in preferences and find that they play a relevant role and that their exclusion worsens model performance at least as much as the exclusion of allowing non-homothetic preferences.File | Size | Format | |
---|---|---|---|
pubb4_Addessi_William_assrE_1118_13A1.pdf Solo gestori archivio
Description: Articolo principale
Type: versione editoriale
Size 1.36 MB
Format Adobe PDF
|
1.36 MB | Adobe PDF | & nbsp; View / Open Request a copy |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.