Demand System Specification and Estimation

Name: Demand System Specification and Estimation
Brand: OUP eBook
Price: 42.99 EUR
Availability: OnlineOnly

Robert A. Pollak Terence J. Wales(Autor*in)

OUP eBook (Verlag)

Erschienen am 6. August 1992

232 Seiten

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978-0-19-802340-1 (ISBN)

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Inhalt

Intro
Contents
1. Introduction
1. Functional Form: The LES
2. Demographic Specification
3. Dynamic Specification
4. Stochastic Specification
5. Estimation
6. Conclusion
Appendix A. The Klein-Rubin Theorem
2. Functional Form Specification
1. Expenditure Specifications
1.1. Expenditure Proportionality
1.2. Demand Systems Linear in Expenditure
1.3. Demand Systems Quadratic in Expenditure
1.4. Polynomial, Logarithmic, and Fractional Demand Systems
2. Separability
2.1. Direct Additivity
2.2. Indirect Additivity
2.3. Generalized Additive Separability
2.4. Weak Separability and Strong Separability
3. Flexible Functional Forms
3.1. The Translog Family
3.2. Flexible Functional Forms
3.3. Advantages and Limitations
Appendix A. The Gorman Polar Form Theorem
Appendix B. Interpretation of log TL and BTL Parameters
3. Demographic Specification
1. General Procedures
1.1. Demographic Translating
1.2. Demographic Scaling
1.3. Gorman Specifications
1.4. The Modified Prais-Houthakker Procedure
1.5. Economies of Scale in Consumption
2. Welfare Comparisons, Situation Comparisons, and Equivalence Scales
2.1. Situation Comparisons
2.2. Welfare Comparisons
2.3. Households and Families
2.4. Conclusion
Appendix A. Proofs of Theorems 1 and 2
4. Dynamic Structure
1. Habit Formation
2. Interdependent Preferences
2.1. Individual Demand Functions in the Short Run
2.2. Per Capita Demand Functions in the Short Run
2.3. Long-Run Demand Functions
2.4. Lagged Interdependence, Simultaneous Interdependence, and Dynamics
3. Welfare
5. Stochastic Specifications
1. The Standard Stochastic Specification
2. Models with First Order Autocorrelated Errors
3. A Model with Two Error Components
4. Random Coefficients Models
4.1. Quadratic Expenditure System
4.2. Linear Expenditure System
4.3. Translog Models
6. Household Budget Data
1. Estimation from Two Budget Studies
2. Functional Form Comparisons
3. Demographic Specifications
4. Dynamic and Stochastic Structure
5. Random Coefficients Models
Appendix A. Data
Appendix B. Generalized CES Demand Systems with Demographic Variables
7. Per Capita Time-Series Data
1. Alternative Demand Specifications and Estimation Methods
1.1. Dynamic Structure
1.2. Stochastic Structure
1.3. Data and Estimation
1.4. Results
2. Pooling International Consumption Data
2.1. Demand System Differences
2.2. Data and Results
Appendix A. U.S. Data, 1948-1983
Appendix B. OECD Data, 1961-1978
Appendix C. Estimating Purchasing Power Parities
References
Index
A
B
C
D
E
F
G
H
I
K
L
M
N
O
P
Q
R
S
T
U
V
W
Author Index
A
B
C
D
E
F
G
H
J
K
L
M
N
P
R
S
T
U
V
W
Y

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