Estimation of Complete Demand Systems: The Trinomial Expenditure System in Comparison with Alternative Demand Systems |
Common terms and phrases
a₁ aggregation agosto alternative demand systems characterize clothing COMPARISON WITH ALTERNATIVE complete demand systems CONDITIONS BY FAMILY Consumer consumption categories demand equations demand functions demographic effects demographic translating demographic variables derived discussed Econometrica economic condition ELP22 ELP ELY3 1 MEMBER ELYZ ELY3 empirical viewpoint Engel Curves ESTIMATION OF COMPLETE expenditure classes functional form h¹ P,H homogeneous of degree household budget data Houthakker income elasticities indirect utility indirect utility function ISTAT Italian consumption patterns Italian household budget likelihood ratio test likelihood values Linear Expenditure System Mean Absolute Error Mean Square Error MEMBER 3 MEMBER miscellaneous Muellbauer number of parameters panel data paper PARAMETER ESTIMATES Pollak and Wales price elasticities procedure Review of Economic Root Mean Square Rossi Roy's identity sample points settembre 1984 significant SYSTEM IN COMPARISON Table 4.1 presents TEMI DI DISCUSSIONE total expenditure Translog System Trinomial Expenditure System Utility Functions λε