We’re rewarding the question askers & reputations are being recalculated! Read more.

Questions tagged [micro-data]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
5
votes
2answers
835 views

Why do so many models assume homothetic preferences?

...when Engels Law, backed by a good amount empirical evidence, demonstrates that overall consumer preferences are not homothetic. See for example, Jorgenson (1997)