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On estimating the cost of characteristics indices from consumer demand analysis

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  • Panayiota Lyssiotou

Abstract

We examine the information content of relative equivalence scales using a multiperiod framework and argue that in the absence of Independence of Base (IB) these scales can be uniquely identified from demand analysis only when the transformations of preferences through time are the same for all household types, a property termed as Intertemporally Invariant Base (IIB) utility. Restrictions imposed by IIB on conditional demands are tested empirically and found rejected within the context of a rank-3 demand system applied to individual household data drawn from the U.K. Family Expenditure Survey 1970-86. Welfare implications of false IIB assumptions are also empirically investigated.

Suggested Citation

  • Panayiota Lyssiotou, 2003. "On estimating the cost of characteristics indices from consumer demand analysis," Canadian Journal of Economics, Canadian Economics Association, vol. 36(2), pages 326-349, May.
    • Handle: RePEc:cje:issued:v:36:y:2003:i:2:p:326-349
    DOI: 10.1111/1540-5982.t01-1-00003
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    Cited by:

    1. Lyssiotou, Panayiota, 2008. "Comparisons of poverty across periods: Significance of distributional effects of prices," Economics Letters, Elsevier, vol. 99(1), pages 14-17, April.
    2. repec:aer:wpaper:330 is not listed on IDEAS
    3. Michael Fesseha Yohannes & Toshinobu Matsuda, 2016. "Weather Effects on Household Demand for Coffee and Tea in Japan," Agribusiness, John Wiley & Sons, Ltd., vol. 32(1), pages 33-44, January.
    4. Toshinobu Matsuda, 2007. "Linearizing the inverse quadratic almost ideal demand system," Applied Economics, Taylor & Francis Journals, vol. 39(3), pages 381-396.
    5. Christian Dudel & Jan Marvin Garbuszus & Notburga Ott & Martin Werding, 2015. "Income Dependent Equivalence Scales, Inequality, and Poverty," CESifo Working Paper Series 5568, CESifo.
    6. Lyssiotou, Panayiota, 2012. "Demographics and demand: Evaluation of alternative functional forms," Economics Letters, Elsevier, vol. 117(3), pages 627-631.

    More about this item

    JEL classification:

    • D1 - Microeconomics - - Household Behavior

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