Interdependent preferences: An econometric analysis

A. Kapteyn*, S. van der Geer, H. van de Stadt, T.J. Wansbeek

*Bijbehorende auteur voor dit werk

    Onderzoeksoutput: ArticleAcademicpeer review

    42 Citaten (Scopus)


    The theoretical model of Gaertner (1974) and Pollak (1976) for the interdependence of preferences in the Linear Expenditure System is estimated for a cross-section of households. The interdependence of consumption of different households has implications for the stochastic structure of the model and for the identifiability of its parameters, Both aspects are dealt with. The empirical results indicate a significant role played by the interdependence of preferences. One of its implications is that predictions of the effects of changes in a household's exogenous variables differ according to whether the exogenous variable only changes for this household or for all households jointly. (C) 1997 John Wiley & Sons, Ltd.

    Originele taal-2English
    Pagina's (van-tot)665-686
    Aantal pagina's22
    TijdschriftJournal of Applied Econometrics
    Nummer van het tijdschrift6
    StatusPublished - 1997

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