Download or read book Specification and Estimation of Consumer Demand System with Many Binding Non negativi Constraints written by Lung Lee and published by . This book was released on 1986 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Specification and Estimation of Consumer Demand Systems with Many Binding Non negativity Constraints written by Lung-Fei Lee and published by . This book was released on 1986 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Specification and Estimation of Consumer Demand Systems with Many Binding Nogativity Constraints written by Lung-Fei Lee and published by . This book was released on 1986 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Demand System Specification and Estimation written by and published by . This book was released on 1992 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study of demand analysis links economic theory to empirical analysis. It demonstrates how theory can be used to specify equation systems suitable for empirical analysis, and discusses demand systems estimation using both per capita time series and household budget data.

Download or read book Maximum Simulated Likelihood Estimation of Consumer Demand Systems with Binding Non negativity Constraints written by Chihwa Kao and published by . This book was released on 1996 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Maximum Simulated Likelihood Estimation of Consumer Demand Systems with Zero Expenditures written by Kamhon Kan and published by . This book was released on 1996 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Estimation of Consumer Demand Systems with Binding Nonnegativity Constraints written by Terence J. Wales and published by . This book was released on 1982 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Functional Form And Utility written by Arthur Goldberger and published by Routledge. This book was released on 2019-04-23 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a review of classical consumer demand theory, emphasizing the form of utility and demand functions. The theory is developed in general terms with reference to the linear expenditure system and with reference to alternative specifications of complete sets of demand functions.

Download or read book A Random Preferences Model for the Estimation of Consumer Demand Systems with Binding Nonnegativity Constraints written by Terence J. Wales and published by . This book was released on 1979 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Demand Systems Estimation written by Stanley R. Johnson and published by Ames : Iowa State University Press. This book was released on 1984 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Comment on Consumer Demand Systems with Binding Non negativity Constraints written by Michael R. Ransom and published by . This book was released on 1985 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Estimation of Consumer Demand Functions When the Observed Prices are the Same for All Sample Units written by Quirino Paris and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the advent of the almost ideal demand system (AIDS) of Deaton and Muellbauer, the estimation of consumer demand functions revolves around specifications that use flexible functional forms of the indirect utility function. This dual approach has put on the backburner the traditional primal approach because the direct utility function exists only in a latent state. The lack of explicit, analytical invertibility of either system, however, is an indication that focusing exclusively on the dual side of the consumer problem is equivalent to disregard potentially important and independent information residing with the primal side. This paper suggests that efficient estimates (in the sense of using all the available information) of the demand functions require the joint estimation of all the primal and dual relations. The specification of this objective assumes that risk neutral households maximize their expected utility subject to their expected budget constraint. This theoretical framework leads to a two-step procedure that produces consistent and efficient estimates of the model's parameters. The generality of the approach proposed here can handle also the frequently encountered case when all the sample units face the same observed commodity prices. Finally, we present a general solution of the nonlinear errors-in-variables problem with a novel estimation procedure that avoids the pitfalls of the traditional approach.

Download or read book Semiparametric Estimation of Consumer Demand Systems in Real Expenditure written by Krishna Pendakur and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer demand microdata typically exhibit a great deal of expenditure variation but not very much price variation. In this paper, we propose a semiparametric approach to the consumer demand problem in which expenditure share equations are nonparametric in the real expenditure direction and parametric (with fixed coefficients) in price directions. Here, Engel curves are unrestricted so that demands may have any rank. We also consider a 'varying coefficients' extension in which price effects depend on real expenditure. Because the demand model is derived from a model of cost, it may be restricted to satisfy integrability and used for consumer surplus calculations. Since real expenditure is not observed, but rather estimated under the model, we face a semiparametric model with a nonparametrically generated regressor. We show efficient convergence rates for parametric and nonparametric components. The estimation procedures are introduced for both cases, under integrability restrictions and without. Further we give specification tests to check these integrability restrictions. An empirical illustration with Canadian price and expenditure data shows that Engel curves display curvature which cannot be encompassed by standard parametric models. In addition, we find that although the rationality restriction of Slutsky symmetry is rejected in our fixed coefficients model, it is not rejected in the varying coefficients extension.

Download or read book Demand System Specification and Estimation written by Robert Andrew Pollak and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a book on demand analysis that links economic theory to empirical analysis. The first part shows how theory can be used to specify equation systems suitable for empirical analysis. The second part discusses demand systems estimation using both per capita time series data and household budget data.

Download or read book Contributions to Consumer Demand and Econometrics written by Ronald Bewley and published by Springer. This book was released on 1992-06-18 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains essays on consumer demand and econometrics written in honour of Professor Henri Theil. The essays report the results of current pioneering research work and cover a variety of topics including inequality tests, mixing forecasts and dynamic panel data models.

Download or read book Demand System with Binding Non negativity Constraints and the Effect of Product Quality on Net Trade written by Xiaonan Liu and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The second study investigates consumers' demand for fresh and processed fruit by applying a two-step estimation procedure to a Quadratic Expenditure System. Using homescan data, we find that household size, income, region, and price significantly affect fruit purchases. We estimate own-price and cross-price elasticities and expenditure elasticities for 18 categories of fruit. More processed fruits serve as substitutes for fresh fruits than complements. Often fresh fruits act as normal goods, and processed fruits as inferior goods. Providing a retail subsidy for fresh fruit or imposing a tax on canned and (or) dried fruit could promote fresh fruit consumption for a healthier diet.

Download or read book Theory and Measurement of Consumer Demand written by Henri Theil and published by . This book was released on 1975 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: