Meyer, Stefan; Yu, Xiaohua; Abler, David G. - Agricultural and Applied Economics Association - AAEA - 2011
Using Monte-Carlo simulation, , we compare the most popular demand systems including the LES, AIDS, BTL, QES, QUAIDS …. Specifically, QES, AIDS and AIDADS models are the best in income, own-price and cross-price elasticities, respectively. Overall …