Showing 11 - 20 of 249
The issue of identification of the parameter α0 in the price index of the Almost Ideal Demand System (AIDS) is examined. In nearly all empirical studies, the model’s likelihood function has been extremely flat in α0, and this parameter has not been able to be estimated. Assumed values are...
Persistent link: https://www.econbiz.de/10009653604
The dislocation of millions of households in the Gulf Coast areas after Katrina and Rita had disrupted the daily routines of these households and may have undesirable impacts on OJ consumption. The purpose of this analysis is to quantify the impacts of these two hurricanes on the demand for OJ...
Persistent link: https://www.econbiz.de/10005803293
Persistent link: https://www.econbiz.de/10005026714
Persistent link: https://www.econbiz.de/10005026715
Persistent link: https://www.econbiz.de/10005026716
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.
Persistent link: https://www.econbiz.de/10005026718
Persistent link: https://www.econbiz.de/10005026719
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...
Persistent link: https://www.econbiz.de/10005026720
This study uses the household production theory to study the demand for nutrients, i.e., households purchase a combination of food items from the market and produce the needed nutrients from these food items. By following the traditional household production approach, shadow prices for nutrients...
Persistent link: https://www.econbiz.de/10005026721
Persistent link: https://www.econbiz.de/10005026722