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ON THE ESTIMATION OF DYNAMIC DEMAND FUNCTIONS.

The present work was motivated initially by a desire to devise a better method of estimating the additive quadratic model (AQM) than that used by H.S. Houthakker and L.D. Taylor. In particular, Houthakker and Taylor observed a tendency for the estimated marginal utility of income to decrease sharply...

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Published in:Review of Economics & Statistics Vol. 54; no. 4; pp. 459 - 466
Main Authors: Taylor, Lester D., Weiserbs, Daniel
Format: Article
Published: MIT Press Nov72
Subjects:
Demand function
Additive functions
Elasticity (Economics)
Mathematical models of economics
Regression analysis
Economic demand
Utility theory
Marginal utility
Online Access:View this record in EBSCOhost