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- W71155072 abstract "This paper focuses on two issues in empirical demand analysis: Alternative specifications of demand systems in terms of functional form, dynamic structure, and stochastic structure; and alternative estimation procedures. Four functional forms and two dynamic structures are considered. Each demand specification is estimated using both a first-difference procedure in which the first observation is included, and a maximum likelihood procedure in which the first observation is excluded. The results show that the treatment of the first observation can have substantial effects on predicted behavior.KeywordsDemand SystemDifference ProcedureIndirect Utility FunctionMaximum Likelihood ProcedureCommodity GroupThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
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- W71155072 title "Specification and Estimation of Dynamic Demand Systems" @default.
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- W71155072 doi "https://doi.org/10.1007/978-94-011-1795-1_6" @default.
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