| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17193 |
| 来源ID | Working Paper 17193 |
| Connected Substitutes and Invertibility of Demand | |
| Steven T. Berry; Amit Gandhi; Philip Haile | |
| 发表日期 | 2011-07-08 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We consider the invertibility of a nonparametric nonseparable demand system. Invertibility of demand is important in several contexts, including identification of demand, estimation of demand, testing of revealed preference, and economic theory requiring uniqueness of market clearing prices. We introduce the notion of "connected substitutes" and show that this structure is sufficient for invertibility. The connected substitutes conditions require weak substitution between all goods and sufficient strict substitution to necessitate treating them in a single demand system. These conditions are satisfied in many standard models, have transparent economic interpretation, and allow us to show invertibility without functional form restrictions, smoothness assumptions, or strong domain restrictions. |
| 主题 | Econometrics ; Estimation Methods ; Microeconomics |
| URL | https://www.nber.org/papers/w17193 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574868 |
| 推荐引用方式 GB/T 7714 | Steven T. Berry,Amit Gandhi,Philip Haile. Connected Substitutes and Invertibility of Demand. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17193.pdf（271KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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