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Persistent link: https://www.econbiz.de/10008503632
We derive a general elasticity representation of the necessary and sufficient conditions for direct weak separability of the utility function. Parametric restrictions required to implement the separability conditions are presented for three common demand systems: the Almost Ideal, Translog, and...
Persistent link: https://www.econbiz.de/10005433160
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Persistent link: https://www.econbiz.de/10005436656
Abstract not available
Persistent link: https://www.econbiz.de/10005436814
The necessary and sufficient conditions for direct weak separability are used to derive restrictions on the parameters of the Almost Ideal (AI) demand system, yielding a systematic way of restricting the parameter space that may be useful for estimating large demand systems. The proposed method...
Persistent link: https://www.econbiz.de/10005442057