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- W1522692007 abstract "We introduce an easily implemented and flexible calibration technique for partial demand systems, combining recent developments in incomplete demand systems and a set of restrictions conditioned on the available elasticity estimates. The technique accommodates various degrees of knowledge on cross-price elasticities, satisfies curvature restrictions, and allows the recovery of an exact welfare measure for policy analysis. The technique is illustrated with a partial demand system for food consumption in Korea for different states of knowledge on cross-price effects. The consumer welfare impact of food and agricultural trade liberalization is measured." @default.
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- W1522692007 date "2003-01-01" @default.
- W1522692007 modified "2023-09-27" @default.
- W1522692007 title "Calibration of Incomplete Demand Systems in Quantitative Analysis, The" @default.
- W1522692007 hasPublicationYear "2003" @default.
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