Aggregation and Identification in Consumer Demand Systems

14 Pages Posted: 6 Jun 2011

See all articles by John M Heineke

John M Heineke

Santa Clara University - Leavey School of Business

Hersh Shefrin

Santa Clara University - Leavey School of Business

Date Written: 1990

Abstract

In this paper we explore the following fundamental question: Are there reasonable conditions under which the parameters of estimated aggregate demand systems will uniquely identify underlying individual demand systems? In the process of examining this question we show that the conditions which have been reported in the literature are incomplete. The exercise is carried out in the framework of individual demand systems which are integrable and exactly aggregable.

Suggested Citation

Heineke, John M and Shefrin, Hersh, Aggregation and Identification in Consumer Demand Systems (1990). Journal of Econometrics, Vol. 44, pp. 377-390, 1990. Available at SSRN: https://ssrn.com/abstract=1857636

John M Heineke (Contact Author)

Santa Clara University - Leavey School of Business ( email )

500 El Camino Real
Santa Clara, CA 95053
United States
408-554-4346 (Phone)
408-554-2331 (Fax)

Hersh Shefrin

Santa Clara University - Leavey School of Business ( email )

Dept. of Finance
Santa Clara, CA 95053
United States
408-554-6893 (Phone)
408-554-4029 (Fax)

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