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Provedor de dados:  AgEcon
País:  United States
Título:  The Almost Ideal Demand System Approximation and Separability
Autores:  Brown, Mark G.
Lee, Jonq-Ying
Data:  2009-08-18
Ano:  1990
Palavras-chave:  Almost ideal demand system
Rotterdam model
Demand and Price Analysis
Resumo:  The paper focuses on separability in the almost ideal demand system (AIDS) in time series analysis. The AIDS approximation based on Stone's price index is specified in terms of the Rotterdam model and block additivity is imposed for illustrative purposes. A generalization to other types of separability is then considered. The model can be viewed as an extension to Theil et al.'s Working-PI time series model. In both the Theil et al. model and the AIDS model examined here, the marginal propensity to spend on a good is allowed to depend on the good's budget share. In the model in this paper, the Slutsky coefficients are further allowed to depend on the budget shares. The model provides a consistent way to analyze subgroup demand relationships.
Tipo:  Report
Idioma:  Inglês
Relação:  Florida Department of Citrus>Research Papers 2005 and Before
Research Papers

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