TY  - BOOK
AU  - Moral-Arce,Ignacio
AU  - Sperlich,Stefan
AU  - Rodriguez-Póo,Juan M.
TI  - Consumer behaviour analysis for luxury goods: a technical note for empirical studies
SN  - 13504851
AV  - HB1.A666 APP 
PY  - 2013///
CY  - New York
PB  - Taylor and Francis
KW  - Consumer expenditures
KW  - Superior goods
KW  - Semiparametric censored regression
N2  - Today, many econometric tools are provided for studying consumer expenditures. Less attention has been paid to the fact that, when analysing expenditures for superior goods, these tools have to be adapted to some particularities that have a serious impact on the estimation outcome. First, the considered data, in our case household expenditures for jewellery in Spain, exhibit a strong censoring that must not be ignored. Second, our confidence bands show serious nonlinearities for basically all continuous covariates. Finally, it turns out that especially in the case of luxury goods, one has to control for endogeneity of the covariate ‘total expenditure’
UR  - https://doi.org/10.1080/13504851.2012.703375
ER  -