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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.
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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...
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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 …
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juice exports and prices. An empirical analysis suggests that on average duty drawback has increased annual orange juice …
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