This paper provides a new set of consumer demand estimates for Ireland, incorporating a variety of different consumer demand models. Own-price and expenditure elasticities are presented and tests of the propositions implied by utility-maximisation are carried out, including the use of small-sample corrections. The results obtained show reasonable agreement across the different deterministic models but stochastic specification appears to be of crucial importance both for plausibility of estimates obtained and for rejection or non-rejection implied by utility-maximisation.
External Notes
A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Sponsorship
Foundation for Fiscal Studies
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP92/13
Subject – LCSH
Consumption (Economics)--Ireland
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
