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Rentas de vivienda y suministros en el hogar: Selección del modelo microeconómico ideal para representar las preferencias del consumidor
[Household income and supplies in the home: Selection of the ideal microeconomic model to represent consumer preferences]

Author

Listed:
  • Baigorri, Bárbara
  • Ledesma, Ana

Abstract

The objective of the work has been to identify the most optimal model to estimate the demand of real rents, imputed rents, housing maintenance, housing acquisition and consumption of electricity and fuels of Spaniards for the period between 1980 and 2015. After the estimation and analysis of the two intra-temporal models most used in the micro-econometric literature, AIDS and Rotterdam, we can conclude that the model that best suits our objective is the dynamic modeling with time trend and five delays of the Rotterdam Model. The results indicate that the goods are normal and show normal elastic demand in relation to the Marshallian demand and normal demand in relation to the Hicksian. The results vary if we pay attention to the substitution and income effects, since some goods that take into account both are complementary / gross substitutes, change their behavior when considering only the substitution effect.

Suggested Citation

  • Baigorri, Bárbara & Ledesma, Ana, 2019. "Rentas de vivienda y suministros en el hogar: Selección del modelo microeconómico ideal para representar las preferencias del consumidor [Household income and supplies in the home: Selection of the," MPRA Paper 93265, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:93265
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    References listed on IDEAS

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    7. Jose Alberto Molina, 1997. "Modelling the Spanish imports of vehicles using a source differentiated demand system," Applied Economics Letters, Taylor & Francis Journals, vol. 4(12), pages 751-755.
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    12. J. A. Molina, 1994. "Food Demand In Spain: An Application Of The Almost Ideal System," Journal of Agricultural Economics, Wiley Blackwell, vol. 45(2), pages 252-258, May.
    13. Alley, Andrew G & Ferguson, Donald G & Stewart, Kenneth G, 1992. "An Almost Ideal Demand System for Alcoholic Beverages in British Columbia," Empirical Economics, Springer, vol. 17(3), pages 401-418.
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    15. Molina, Jose Alberto & Campaña, Juan Carlos & Ortega, Raquel, 2015. "Time dedicated by consumers to cultural goods: Determinants for Spain," MPRA Paper 68430, University Library of Munich, Germany.
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    More about this item

    Keywords

    Rentas de vivienda; Suministros en el hogar; Comportamiento del consumidor; Modelo de Rotterdam; España 1980-2015;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation

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