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022			_a13504851
040			_aMSU _cMSU _erda _bEnglish
050	0	0	_aHB1.A666 APP
100	1		_aMoral-Arce, Ignacio _eauthor
245	1	0	_aConsumer behaviour analysis for luxury goods: _ba technical note for empirical studies/ _ccreated by Ignacio Moral-Arce, Stefan Sperlich and Juan M. Rodriguez-Póo
264	1		_aNew York: _bTaylor and Francis, _c2013.
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aApplied economics letters _vVolume 20, number 4
520	3		_aToday, 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’.
650			_aConsumer expenditures _vSuperior goods _xSemiparametric censored regression
700	1		_aSperlich, Stefan _eco author
700	1		_aRodriguez-Póo, Juan M. _eco author
856			_uhttps://doi.org/10.1080/13504851.2012.703375
942			_2lcc _cJA
999			_c162929 _d162929