Barnett, William A. (contributor); … - 2008
theory of consumer
choice are beyond the objectives of this paper.2
2 Neoclassical Demand Theory
Consider n consumption goods … demand
functions and Stone�s (1954) linear expenditure system. The Rotterdam model is directly
derived from consumer demand … theory and has the ability to model the full substitution
matrix, the model�s parameters can directly be related to …