LIMITING FORMS FOR DEMAND FUNCTIONS: TESTS OF SOME SPECIFIC HYPOTHESES.

In the article "Small Sample Properties of Tests for Specification Error," published in the "Journal of the American Statistical Association," by J.B. Ramsey, the conditions under which limiting approximations to own price demand curves can be obtained are discussed. The objective is to test with bu...

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Publicado en:Review of Economics & Statistics Vol. 56; no. 4; pp. 468 - 478
Autor principal: Ramsey, J.B.
Formato: Artículo
Publicado: MIT Press Nov74
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: LIMITING FORMS FOR DEMAND FUNCTIONS: TESTS OF SOME SPECIFIC HYPOTHESES.
      aug:
        au: Ramsey, J.B.
      su:
        Prices
        United States federal budget
        Approximation theory
        Demand function
        Working class
        Hypothesis
        Ramsey, J. B.
        United Kingdom
        United States
      sug:
        subj:
          United Kingdom
          United States
          Prices
          United States federal budget
          Approximation theory
          Demand function
          Working class
          Hypothesis
          Ramsey, J. B.
      ab: In the article "Small Sample Properties of Tests for Specification Error," published in the "Journal of the American Statistical Association," by J.B. Ramsey, the conditions under which limiting approximations to own price demand curves can be obtained are discussed. The objective is to test with budget data of some of the specific hypotheses generated in the previous paper. The results presented are regarded only as initial efforts. Their main function is to indicate whether the hypothesized models can meet some fairly weak tests and to indicate the nature of some of the practical problems to be faced in testing such hypotheses. Altogether 28 commodities were examined. The selection of commodities was determined quite simply by the availability of price/quantity data. Within that category a subset of seven commodities was chosen for initial examination. The commodities were chosen on the basis of being well defined homogeneous goods which are nonstorable and are purchased on a regular basis.
      pubtype: Academic Journal
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    language: English
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