Template-Type: ReDIF-Paper 1.0
Title: Metonymy and Cross Section Demand
Author-Name: Igor V. Evstigneev
Author-Name: Werner Hildenbrand
Author-Name: Michael Jerison
Abstract: Cross section consumer expenditure data are frequently used to
  	make conclusions about consumer demand behavior. Such conclusions,
  	however, can only be justified under certain assumptions, which are
  	often left unstated in the empirical demand literature. An
  	assumption of this type, the metonymy hypothesis, was stated
  	rigorously and then exploited by Hardle, Hildenbrand and Jerison
  	when analyzing the monotonicity property of aggregate demand
  	functions. The purpose of the present paper is to examine the
  	metonymy hypothesis in more detail. We prove that the distribution
  	of demand vectors derived from some metonymic one. This implies, in
  	particular, that the metonymy hypothesis cannot be rejected or
  	confirmed on the basis of data from a single cross section.
Keywords: Cross section demand, Consumer expenditure data, Metonymy
  	hypothesis, Law of Demand
Creation-Date: 1995-11
File-URL: http://www.wiwi.uni-bonn.de/bgsepapers/bonsfa/bonsfa469.ps
File-Format: Application/PostScript
File-Size: 25
Handle: RePEc:bon:bonsfa:469