1972
DOI: 10.2307/1239158
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Estimation of Demand Parameters under Consumer Budgeting: An Application to Argentina

Abstract: This study assumes that consumer expenditures occur in a stepwise fashion in which income is fist allocated to budget categories and then to optimum quantities within each category. With this assumption, a model was developed to estimate the price and icome elasticities of demand of all items in one budget category—like food—and the cross‐price elasticities of these items with all others. The approach permits one to specify the changes in expenditure levels on budget categories from cross‐section information a… Show more

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Cited by 14 publications
(3 citation statements)
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“…Lancaster [5] has developed a theory of consumer behavior whose structure is very similar to ( 2 ) . In Lancaster's theory the relationship between characteristics and goods, i.e., the so-called consumption technology matrix, is assumed to be the same for all consumers.…”
Section: Diet Choice Modelmentioning
confidence: 99%
See 2 more Smart Citations
“…Lancaster [5] has developed a theory of consumer behavior whose structure is very similar to ( 2 ) . In Lancaster's theory the relationship between characteristics and goods, i.e., the so-called consumption technology matrix, is assumed to be the same for all consumers.…”
Section: Diet Choice Modelmentioning
confidence: 99%
“…In Lancaster's theory the relationship between characteristics and goods, i.e., the so-called consumption technology matrix, is assumed to be the same for all consumers. This assumption is not appropriate for the diet choice model given in ( 2 ) . Although the nutrition portion of the diet technology matrix (B,) is the same for all consumers, diet variety and palatability (r = Bzq) is not.…”
Section: Diet Choice Modelmentioning
confidence: 99%
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