Hunt-McCool, Janet; Kiker, B F; Ng, Ying Chu - In: Journal of Applied Econometrics 9 (1994) 2, pp. 201-18
We estimate price and income elasticities from a linear, log-linear, and the almost ideal demand model (with and without an adjustment for selectivity bias) in an effort to show that special attention should be paid to the underlying assumptions of consumer behaviour when estimating a medical...