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- W2022003153 abstract "In a complete system of disaggregated demand equations, the econometrician must limit himself to the measurement of a small number of parameters for each commodity. Since interest often focuses on the income and own-price elasticities for each good, it is natural to look for models which allow independent measurement of these while providing plausible assumptions about the less essential responses. This paper surveys a number of common theoretical specifications which purport to do this, and argues that these are unsatisfactory. The conclusions are supported by an empirical comparison on British data of the results of three models, one of which is new and is designed to remedy some of the deficiencies of standard practice." @default.
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- W2022003153 date "1975-07-01" @default.
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- W2022003153 title "The measurement of income and price elasticities" @default.
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- W2022003153 doi "https://doi.org/10.1016/0014-2921(75)90012-4" @default.
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