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Substitution, Complementarity, and the Residual Variation: Some Further Results.

An earlier paper by the author reported the results of a principal component analysis of the residual correlation matrix obtained after estimating a system of dynamic demand equations. The purpose was to verify the postulated additive nature of the utility function and to collect some information on...

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Published in:American Economic Review Vol. 62; no. 4; pp. 747 - 752
Main Authors: Phlips, Louis, Rouzier, Philippe
Format: Article
Published: American Economic Association Sep72
Subjects:
Economic demand
Demand function
Statistical correlation
Utility functions
Mathematical models of economics
Substitution (Economics)
Economics
Online Access:View this record in EBSCOhost