Increasing the price variation in a repeated cross section
增加重复横截面中的价格变异
Insufficient price variation seriously hampers many applications of consumer demand models. This paper examines the empirical performance of a potential remedy for this problem that was suggested by [Lewbel, A., 1989. Identification and estimation of equivalence scales under weak separability. Review of Economic Studies 56, 311-316], the construction of individual specific price indices for bundles of goods. These individual specific price indices allow for a population with…