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The almost ideal demand system (AIDS) is commonly used to study demand for agricultural commodities and groups of commodities. Increasingly, separability has been utilized in conjunction with the AIDS to estimate conditional demand systems as well as to improve upon precision of parameter...
Persistent link: https://www.econbiz.de/10005026737
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An AIDS-like demand system model is developed with an easy-to-calculate chain-price index that replaces the price index in the original AIDS.
Persistent link: https://www.econbiz.de/10010580516