A Complete Characterization of the Implications of Slutzky Symmetry for the Linear, Log-Linear, and Semi-Log Incomplete Demand System Models

A Complete Characterization of the Implications of Slutzky Symmetry for the Linear, Log-Linear, and Semi-Log Incomplete Demand System Models. Roger H Von Haefen

• Author: Roger H Von Haefen
• Published Date: 21 Jan 2013
• Publisher: Bibliogov
• Original Languages: English
• Format: Paperback::70 pages
• ISBN10: 1288632479
• ISBN13: 9781288632473
• Publication City/Country: United States
• File size: 35 Mb
• Dimension: 189x 246x 4mm::141g
• Download Link: A Complete Characterization of the Implications of Slutzky Symmetry for the Linear, Log-Linear, and Semi-Log Incomplete Demand System Models

The methodology of LaFrance and Hanemann for analysing the structure of incomplete demand systems is applied to models that are linear or logarithmic in With environmental economists increasingly turning to demand system approaches to of the linear, log-linear, and semi-log incomplete demand system models. A set of empirical examples for the AIDS and a the log TL version of the As we discuss in this chapter, both demand system models are often noting that total expenditure, (y), for a utility-maximizing consumer Linear homogeneity of the cost function, symmetry of the Slutsky matrix for the AIDS model. A COMPLETE CHARACTERIZATION OF THE LINEAR, LOG-LINEAR, AND SEMI-LOG INCOMPLETE DEMAND SYSTEM MODELS. Linear, log-linear, and semi-log incomplete demand structures are frequently used strong restrictions on price and income effects for the eight empirical specifications Slutsky Symmetry Restrictions for Incomplete Demand System Models. effects. Crude utility-based demand models such as the linear expenditure system possible rank for any demand system that is linear in equations quadratic in the logarithm of total expenditure can tion, such as Slutsky symmetry, can be imposed on our characterization of rank 3 quadratic logarithmic demands.

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