An Analysis of Household Responses to Price Shocks in Vietnam : Can Unit Values Substitute for Market Prices ?

@inproceedings{Niimi2005AnAO,
  title={An Analysis of Household Responses to Price Shocks in Vietnam : Can Unit Values Substitute for Market Prices ?},
  author={Yoko Niimi},
  year={2005}
}
This paper examines the robustness of Deaton’s widely used method for estimating consumer responses. While unit values, ratios of expenditures to quantities purchased, are often employed in demand analysis as proxies for missing market prices, Deaton argues bias is likely to result as a consequence of both quality effects and measurement error. Hence he proposes a procedure that corrects the bias and enables price elasticities to be obtained in the absence of explicit price information. Given… CONTINUE READING
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