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Year of publication
Subject
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individual household data 1 quadratic Logarithmic demand systems 1 rank-3 demand systems 1
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Free 1
Type of publication
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Book / Working Paper 1
Language
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English 1
Author
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Lyssiotou, Panayiota 1 Pashardes, Panos 1 Stengos, Thanasis 1
Institution
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University of Cyprus Department of Economics 1
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University of Cyprus Working Papers in Economics 1
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RePEc 1
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Nesting Quadratic Logarithmic Demand Systems
Lyssiotou, Panayiota; Pashardes, Panos; Stengos, Thanasis - University of Cyprus Department of Economics - 2001
We propose a new generalised rank-3 demand system which nests all known (and new) rank-3 and rank-2 demand systems derived from the Quadratic Logarithmic (QL) cost function. We investigate its statistical adequacy against commonly en-countered alternatives using U.K. household data.
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