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Please use this identifier to cite or link to this item: http://purl.umn.edu/31118

Title: A COMPLETE CHARACTERIZATION OF THE LINEAR, LOG-LINEAR, AND SEMI-LOG INCOMPLETE DEMAND SYSTEM MODELS
Authors: von Haefen, Roger H.
Issue Date: 2002-12
Abstract: This study extends LaFrance’'s (1985, 1986, 1990) previous research by deriving the necessary parameter restrictions for two additional classes of incomplete demand system models to be integrable. In contrast to LaFrance'’s earlier work, this analysis considers models that treat expenditures and expenditure shares as the dependent variables in the specified incomplete demand systems. With environmental economists increasingly turning to demand system approaches to value changes in environmental quality, these new results significantly expand the menu of empirical specifications which can be used to fit a given data set. Moreover, the alternative specifications considered in this study, in combination with LaFrance'’s original work, represent a complete characterization of the linear, log-linear, and semi-log incomplete demand system models.
URI: http://purl.umn.edu/31118
Institution/Association: Journal of Agricultural and Resource Economics>Volume 27, Number 02, December 2002
Total Pages: 39
Language: English
From Page: 281
To Page: 319
Collections:Volume 27, Number 02, December 2002

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