Data/hora: 03/06/2024 18:05:56

Provedor de dados: | 31
País: | United States
Título: | Aggregation Theory for Incomplete Systems
Autores: | LaFrance,   Jeffrey T.; Beatty,   Timothy K.M.; Pope,   Rulon D.
Data: | 2006-02-06
Ano: | 2005
Palavras-chave: | Aggregation; Rank; Functional form; Integrability; Incomplete systems; Weak integrability; Demand and Price Analysis; D12; E21.
Resumo: | Gorman's theory of demand is extended comprehensively to incomplete systems. The incomplete systems approach dramatically increases this class of models. The separate roles of symmetry and adding up are identified in the rank and the functional form of this class of models. We show that symmetry determines rank and the maximum rank is three. We show that adding up and 0o homogeneity determines the functional form and there is no functional form restriction for an incomplete system. We prove that every full rank system and reduced rank systems with a minimal level of degeneracy can be written as a polynomial in a single function of income. A complete set of closed form solutions for the indirect objective functions of this class of models is derived. A simple method to nest rank and functional form for incomplete systems is presented.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

19757

http://purl.umn.edu/25033

Editor: | AgEcon Search

Relação:

University of California, Berkeley&gt;Department of Agricultural and Resource Economics&gt;CUDARE Working Papers

CUDARE Working Paper 997

Formato:

63

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