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Econometric Analysis of the Short-run Fluctuations of Households' Purchases
The Review of Economic Studies1993Vol. 60(4), pp. 923–934
Citations Over TimeTop 13% of 1993 papers
Abstract
Infrequency of purchase models are alternatives to those derived from the classical "utility maximization with binding non-negativity constraints" scheme for modelling purchases that occur at random dates. An extension of those models is proposed that takes into account additional information about the exact number of times households purchased during the survey period. Various methods of estimation are described and an empirical illustration is presented with data drawn from the French Food Expenditure Survey (INSEE).
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