Cranfield, John A.L.; Preckel, Paul V.; Hertel, Thomas W. - Department of Food, Agricultural and Resource Economics … - 2005
A recently developed demand system, nicknamed AIDADS, offers a more general approach to capturing consumption preferences. AIDADS generalizes the LES by assuming marginal budget shares vary indirectly with expenditure. AIDADS is limited by the fact that the subsistence parameters are constant...