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Microeconometric evidence on the neoclassical model of demand |
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| Authors: | Nicholas M Kiefer |
| Institution: | Cornell University, Ithaca, NY 14853, USA |
| Abstract: | The Rotterdam demand model is fit to microeconomic data on households in Belgium. Prices vary over time and across consumers. The symmetry and homogeneity properties associated with demand functions for an individual are not rejected in these data. |
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