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Econometric Analysis of the Short-run Fluctuations of Households' Purchases

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  • Jean-Marc Robin

Abstract

Infrequency of purchase models are alternatives to those derived from the classical "utility maximization with binding non-negativity constraints" scheme for modelling purchases that occur at random dates. An extension of those models is proposed that takes into account additional information about the exact number of times households purchased during the survey period. Various methods of estimation are described and an empirical illustration is presented with data drawn from the French Food Expenditure Survey (INSEE).

Suggested Citation

  • Jean-Marc Robin, 1993. "Econometric Analysis of the Short-run Fluctuations of Households' Purchases," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(4), pages 923-934.
    • Handle: RePEc:oup:restud:v:60:y:1993:i:4:p:923-934.
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    File URL: http://hdl.handle.net/10.2307/2298106
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    Cited by:

    1. Marco Angrisani & Arie Kapteyn & Scott Schuh, 2014. "Measuring Household Spending and Payment Habits: The Role of "Typical" and "Specific" Time Frames in Survey Questions," NBER Chapters, in: Improving the Measurement of Consumer Expenditures, pages 414-440, National Bureau of Economic Research, Inc.
    2. John Mullahy & Stephanie A. Robert, 2008. "No Time to Lose? Time Constraints and Physical Activity," NBER Working Papers 14513, National Bureau of Economic Research, Inc.
    3. Miles, Daniel, 1998. "The probability of non-purchasing tobacco of a smoker," DES - Working Papers. Statistics and Econometrics. WS 10644, Universidad Carlos III de Madrid. Departamento de Estadística.
    4. Gourieroux, C. & Visser, M., 1997. "A count data model with unobserved heterogeneity," Journal of Econometrics, Elsevier, vol. 79(2), pages 247-268, August.

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