Semiparametric Estimation of Consumer Demand Systems with Micro Data

  title={Semiparametric Estimation of Consumer Demand Systems with Micro Data},
  author={Abdoul G. Sam},
This article proposes a semiparametric two-step procedure for estimating a censored consumer demand system with micro data. The semiparametric estimator considered in the rst step is suggested by Klein and Spady (1993). This estimator, used as a counterpart of the probit estimator in a conventional two-step model, does not make any distributional assumptions about the disturbances and so is exempt from model misspeci cation and plausible heteroscedasticity. In the second step, we motivate the… CONTINUE READING

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