The Institute For Fiscal Studies - Revealed preference and demand modelling

Publication types

Advanced search

Fiscal Facts

Facts and figures about UK taxes, benefits and public spending.

Incomes in the UK

Income distribution, poverty and inequality.

Budgets & Pre-Budget Reports

Analysing government fiscal forecasts and tax and spending.

ESRC Centre for Public Policy

ESRC Centre for the Microeconomic Analysis of Public Policy.

UK and Scotland

Analysis of the fiscal choices an independent Scotland would face.

Impact on Society

Case studies that give a flavour of the areas where IFS research has an impact on society.

Mirrlees Review

Reforming the tax system for the 21st century.

Fiscal Studies

A peer-reviewed quarterly journal publishing articles by academics and practitioners.

Become a member of the IFS

Attend an event

Make a press enquiry

Get in touch

Revealed preference and demand modelling

Funded by: Economic and Social Research Council (ESRC)

Date started: 01 September 2012

Research in this area investigates how households allocate their budgets and in particular involves developing an understanding of consumer responses to price changes.

Publications by type

See all publications

All available publications

12 November 2012

Journal Articles

The impact of search costs on consumer behavior: A dynamic approach

This article proposes a structural model for storable goods that takes into account inventory holdings and search.

07 March 2012

IFS Working Papers

Revealed preference in a discrete consumption space

We show that an agent maximizing some utility function on a discrete (as opposed to continuous) consumption space will obey the generalized axiom of revealed preference (GARP) so long as the agent obeys cost efficiency.

01 March 2012

IFS Working Papers

Goods versus characteristics: dimension reduction and revealed preference

This paper compares the goods and characteristics models of the consumer within a non-parametric revealed preference framework.

07 January 2012

Conference Papers

Multiple goods, multiple tastes and revealed preference

This paper was given as part of a session on 'Revealed Preferences: Modeling and Inference' as part of the Econometric Society North American Winter Meeting 2012.

19 September 2010

IFS Working Papers

Non cooperative household demand

We study non cooperative household models with two agents and several voluntarily contributed public goods.

01 February 2010

Presentations

Stochastic demand and revealed preference

MAlinvaud Seminar, CREST

17 December 2008

IFS Working Papers

Non cooperative household demand

We study noncooperative household models with two agents and several voluntarily contributed public goods.

31 October 2008

Presentations

Estimating a Collective Household Model with Survey Data on Financial Satisfaction

This presentation was given on 31st October 2008, at the University of Alicante, Spain.

25 July 2007

IFS Working Papers

Consumption inequality and intra-household allocations

In this paper, we show that ignoring consumption inequality within households produces misleading estimates of inequality.

03 January 2007

IFS Working Papers

Demand properties in household Nash equilibrium

In this paper, we establish properties of demands in noncooperative models with voluntarily contributed public goods.

11 September 2006

IFS Working Papers

Estimating a collective household model with survey data on financial satisfaction

We estimate a collective household model with survey data on financial satisfaction from the European Community Household Panel.

13 October 2005

IFS Working Papers

Best nonparametric bounds on demand responses

This paper uses revealed preference inequalities to provide tight nonparametric bounds on consumer responses to price changes.

13 October 2005

cemmap Working Papers

Best nonparametric bounds on demand responses

This paper uses revealed preference inequalities to provide tight nonparametric bounds on consumer responses to price changes.

27 July 2005

cemmap Working Papers

Heterogeneity and the nonparametric analysis of consumer choice: conditions for invertibility

This paper considers structural nonparametric random utility models for continuous choice variables.

01 June 2005

Journal Articles

Heterogeneity and aggregation

This survey covers recent solutions to aggregation problems in three application areas, consumer demand analysis, consumption growth and wealth, and labor participation and wages.

03 March 2005

IFS Working Papers

Household Nash equilibrium with voluntarily contributed public goods

We study noncooperative models with two agents and several voluntarily contributed public goods.

20 January 2004

IFS Working Papers

Valuing a new good

This paper presents a nonparametric method for calculating a lower bound on the virtual or reservation price of a new good.

01 October 2003

IFS Working Papers

Demographics in demand systems

16 March 2003

Journal Articles

Estimation of household demand systems with theoretically compatible Engel curves and unit value specifications

We develop a method for estimation of price reactions using unit value data which exploits the implicit links between quantity and unit value choices.

01 January 2003

Journal Articles

Nonparametric Engel curves and revealed preference

01 October 2002

IFS Working Papers

Estimation of household demand systems with theoretically compatible Engel curves and unit value specifications

We develop a method for estimation of price reactions using unit value data which exploits the implicit links between quantity and unit value choices.

01 October 2002

Journal Articles

Tests of income pooling in household decisions

Using the Progresa data from Mexico, we investigate intrahousehold decision making using a variety of outcomes.

01 May 2002

External publications

A nonparametric method for valuing new goods

This paper presents a revealed preference method for calculating a lower bound on the virtual or reservation price of a new good and suggests a way to improve these bounds by using budget expansion paths.

01 July 1999

IFS Reports

Cost-of-living indices and revealed preference

This report considers sources of bias in cost-of-living and price indices, with particular reference to the UK's retail price index. The sources of bias discussed are caused by the introduction of new goods, quality change in existing goods and commodity substitution by consumers. New methods of quantifying these biases and correcting them are presented with empirical applications.

01 January 1996

IFS Working Papers

A revealed preference method for valuing new goods

This paper presents a revealed preference method for calculating a lower bound on the virtual price of new goods and suggests a way to improve these bounds by using non-parametric expansion paths. This allows the calculation of cost-of-living and price indices when the number of goods changes between periods.

01 January 1996

IFS Working Papers

Estimation of household demand systems using unit value data

We develop a method which has the main advantage over alternatives of allowing us to combine appealing budget share specifications with a model of quality choice in a way which is fully consistent with demand theory.

26 October 1993

IFS Working Papers

A micro-model of the ownership and use of private cars

01 January 1993

IFS Working Papers

Aggregation and consumer behaviour: some recent results

01 January 1992

Journal Articles

Frequency of purchase and the estimation of demand systems

01 January 1991

Journal Articles

The microeconometric approach to modelling energy demand: some results for UK households

Search

Consumption and demand

Laurens Cherchye

Bram De Rock

Publications & Research Search Links	Events Coming soon Archive Terms & Conditions	In the news News about IFS Sign up to IFS news Newsletters	About IFS What we do Who we are Who we engage with What people say Contact us Jobs Membership Funding	Financial & Legal Disclaimer Privacy Copyright Accessibility Code of conduct	Centres CPP CAYT PEPA CEE EDePo TLRC ELSA CEMMAP CERA	The IFS hosts two ESRC research centres: CPP and cemmap.
© The Institute for Fiscal Studies Limited by Guarantee,Registered in England: 954616 7 Ridgmount Street London WC1E 7AE Registered Charity: 258815 VAT no: GB 394 5830 17 Website design by Pynk and Fluffy

All available publications

Search

Publications &Research

Events

In the news

About IFS

Financial & Legal

Centres

Publications &
Research