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An implicitly additive demand system

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Using the cost function to generate Marshallian demand systems

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Using the Cost Function to Generate Marshallian Demand Systems

McLaren, Keith R.; Rossiter, Peter D.; Powell, Alan A. - 2001

Limited data means that prior structure is needed when working with large demand systems. The cost function is a convenient vehicle for generating demand systems incorporating such structure. While the cost function directly yields Hicksian demand functions they will not usually have an explicit...

Persistent link: https://www.econbiz.de/10014038313