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Heterogeneity in Consumer Demand - Evidence from Panel Data : a Rejoinder
1 : Centre d'économie de la Sorbonne
(CES)
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Website
Université Paris I - Panthéon-Sorbonne, CNRS : UMR8174
Maison des Sciences Économiques - 106-112 Boulevard de l'Hôpital - 75647 Paris Cedex 13 -
France
Christensen (2014) examines in an article of this Journal the endogeneity biases which characterize a majority of monetary households' expenditures. The estimation of full expenditures, integrating monetary expenditures and time use for domestic activities, allows taking fully into account the role of prices and the complementarities between monetary and time expenditures. The results show the importance of integrating domestic production to households' market activities in an interpretation of these endogeneity biases on cross-sectional consumption surveys.
