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The issue of identification of the parameter α0 in the price index of the Almost Ideal Demand System (AIDS) is examined. In nearly all empirical studies, the model’s likelihood function has been extremely flat in α0, and this parameter has not been able to be estimated. Assumed values are...
Persistent link: https://www.econbiz.de/10009653604
In this study, the impacts of Florida Department of Citrus (FDOC) orange juice (OJ) advertising on U.S., OJ demand and the price received by Florida growers are examined.
Persistent link: https://www.econbiz.de/10005806566
The system-wide approach is used to develop an import allocation model based on blockwise dependence. The import demand system is parameterized using the absolute version of the Rotterdam model. Two empirical examples are given to illustrate the approach.
Persistent link: https://www.econbiz.de/10005026718
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This paper examines several approaches to introduce advertising in systems of demand equations. Advertising is included in the Rotterdam model using an unrestricted specification and three restricted specifications - advertising affects demand alternatively through (1) marginal utilities as in...
Persistent link: https://www.econbiz.de/10005026720
household production approach, shadow prices for nutrients in food consumption are calculated. The cost function that generates … the shadow prices appears plausible in terms of its elasticities of substitution and factor demand. After obtaining the … calculated shadow prices of nutrients, the nutrient demand functions are estimated. Results show that the own-price elasticity of …
Persistent link: https://www.econbiz.de/10005026721
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