A flexible multistage demand system based on indirect separability.
The notion of indirect separability is exploited to derive a new multistage demand system. The model allows a consistent parameterization of demand relations at various budgeting stages and it fulfills the requirement of flexibility while satisfying separability globally. Two propositions are derive...
| Publicado en: | Southern Economic Journal Vol. 68; no. 1; pp. 22 - 42 |
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| Formato: | Artículo |
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Southern Economic Association
July 2001
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510167942&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510167942 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: July 2001 vid: 68 iid: 1 pid: 1482 pub: Southern Economic Association artinfo: ui: 510167942 10.2307/1061509 ppf: 22 ppct: 20 formats: fmt: @attributes: type: T tig: atl: A flexible multistage demand system based on indirect separability. aug: au: Moschini, GianCarlo su: Food consumption Economic demand Mathematical models sug: subj: Food consumption Economic demand Mathematical models ab: The notion of indirect separability is exploited to derive a new multistage demand system. The model allows a consistent parameterization of demand relations at various budgeting stages and it fulfills the requirement of flexibility while satisfying separability globally. Two propositions are derived to characterize flexible and separable functional forms, which lead to the specification of a flexible and separable translog (FAST) demand system. The model is particularly attractive for modeling large complete demand systems and is illustrated with an application to Canadian food demand. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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