| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Comparison of several demand systems
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| Autores: |
Meyer, Stefan
Yu, Xiaohua
Abler, David G.
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| Data: |
2011-05-03
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| Ano: |
2011
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| Palavras-chave: |
Comparison
Demand Systems
Monte Carlo
AIDS
Consumer/Household Economics
Demand and Price Analysis
Research Methods/ Statistical Methods
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| Resumo: |
Using Monte-Carlo simulation, , we compare the most popular demand systems including the LES, AIDS, BTL, QES, QUAIDS and AIDADS, and find that different models actually have different advantages in estimating different elasticities. Specifically, QES, AIDS and AIDADS models are the best in income, own-price and cross-price elasticities, respectively. Overall, AIDADS model has the best performance. The results indicate that the rank three models are not necessary always better than the rank two models.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/103736
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| Relação: |
Agricultural and Applied Economics Association>2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania
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| Formato: |
24
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