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on change over time in the structure of French meat and fish demand. The main feature of this model is that the switching …A time-varying coefficient demand system, the Markov switching almost ideal demand model, is proposed to shed new light … mechanism from one structure of demand to the other is controlled by an unobserved variable that follows a Markov chain. Our …
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Although meat demand is one of the most studied issues in agricultural economics, our understanding of this phenomenon … theories of aggregate U.S. meat demand. Using a Bayesian averaging of classical estimates approach, we draw comprehensive … inferences over 1,048,576 demand systems. We find very little evidence supporting the need for more general theories that include …
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-parametrically with a specially devised temporal kernel. Statistical and economic results from a meat demand application underscores the …To reduce dimensionality issues, this article derives a globally flexible demand system that can be estimated non … usefulness of a temporal kernel in globally approximating an integrable demand system …
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