Data/hora: 11/06/2024 02:28:16

Provedor de dados: | 31
País: | United States
Título: | Estimation of a Censored AIDS Model: A Simulated Amemiya-Tobin Approach
Autores: | Dong,   Diansheng; Kaiser,   Harry M.
Data: | 2012-03-28
Ano: | 2003
Palavras-chave: | Amemiya-Tobin; Censored demand system; AIDS model; Probability simulation; Canadian household food demand; Demand and Price Analysis; Research Methods/ Statistical Methods; C34; D12.
Resumo: | Kuhn-Tucker approach and its dual have been proposed to the demand system estimation when there are non-negativity bindings. However, empirical researchers have been struggling two decades in applying this method into practice due to: (1) the difficulty in derivation of a coherent econometric model, and (2) the cumbersome evaluation of high order probability integrals needed in parameter estimation. In this paper, we avoid the above two issues by using the Amemiya-Tobin demand system approach and the simulation procedure to evaluate the probability integrals. An AIDS model is estimated and the elasticities are obtained that are impossible to achieve when using Kuhn-Tucker approach. The model is applied to an analysis of Canadian household food demand.
Tipo: | Technical Report
Idioma: | Inglês
Identificador: | http://purl.umn.edu/122113

Relação:

Cornell University&gt;Department of Applied Economics and Management&gt;Research Bulletin

Research Bulletin

2003-06

Formato: | 28