Heterogeneous demand

Keyword(s):  
2021 ◽  
pp. 1-40
Author(s):  
Richard Blundell ◽  
Joel Horowitz ◽  
Matthias Parey

Berkson errors are commonplace in empirical microeconomics. In consumer demand this form of measurement error occurs when the price an individual pays is measured by the (weighted) average price paid by individuals in a group (e.g., a county), rather than the true transaction price. We show the importance of Berkson errors for demand estimation with nonseparable unobserved heterogeneity. We develop a consistent estimator using external information on the true price distribution. Examining gasoline demand in the U.S., we document substantial within-market price variability. Accounting for Berkson errors is quantitatively important. Imposing the Slutsky shape constraint reduces sensitivity to Berkson errors.


IEEE Access ◽  
2017 ◽  
Vol 5 ◽  
pp. 24446-24456
Author(s):  
Hongxiang Shao ◽  
Hangsheng Zhao ◽  
Youming Sun ◽  
Jianzhao Zhang ◽  
Gang Liu ◽  
...  

2016 ◽  
Vol 34 (10) ◽  
pp. 2690-2705 ◽  
Author(s):  
Youming Sun ◽  
Qihui Wu ◽  
Jinlong Wang ◽  
Yuhua Xu ◽  
Alagan Anpalagan

2020 ◽  
Vol 12 (22) ◽  
pp. 9384
Author(s):  
Tianzheng Zhang ◽  
Yingxiang Zeng ◽  
Yingjie Zhang ◽  
Yan Song ◽  
Hongxun Li

With the increasing number of people starting to attach importance to urban green space (UGS), estimating urban residents’ demand for UGS has become critical. Previous studies have estimated residents’ demands for UGS in different cities using the Rosen–Roback model. However, there has been little analysis of the renters’ requirements for UGS or the dynamic and heterogeneous demands for UGS by residents in cities with varying characteristics. In this study, the prefecture-level cities in China were selected as the object of study for their wide representation of various city characteristics, and the Rosen–Roback model was used to address the abovementioned issues. Residents’ demand for UGS in 285 prefecture-level cities was assessed from 2010 to 2017. The results confirm our hypothesis that when UGS increases by 1%, house prices will increase by about 3% and rents will increase by about 7%, and the demand continues to grow. We also analyzed the heterogeneous demands for UGS by urban residents in different types of cities from three aspects: population density, economic level, and the effects of the National Forest City policy. Finally, we provided suggestions based on empirical results for planning and managing UGS.


2014 ◽  
Vol 64 ◽  
pp. 125-139 ◽  
Author(s):  
Patrick S. Ward ◽  
David L. Ortega ◽  
David J. Spielman ◽  
Vartika Singh

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