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| Paris, Quirino. |
| 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... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Consumer demand functions; Primal; Dual; Nonlinear errors-in-variables; Demand and Price Analysis; Research Methods/ Statistical Methods; D0. |
| Ano: 2003 |
URL: http://purl.umn.edu/93739 |
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