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Estimation of Consumer Demand Systems with Binding Nonnegativity Constraints

Estimation of Consumer Demand Systems with Binding Nonnegativity Constraints PDF Author: Terence J. Wales
Publisher:
ISBN: 9780868370392
Category : Consumption (Economics)
Languages : en
Pages : 28

Book Description

Estimation of Consumer Demand Systems with Binding Nonnegativity Constraints

Estimation of Consumer Demand Systems with Binding Nonnegativity Constraints PDF Author: Terence J. Wales
Publisher:
ISBN: 9780868370392
Category : Consumption (Economics)
Languages : en
Pages : 28

Book Description

Specification and Estimation of Consumer Demand Systems with Many Binding Non-negativity Constraints

Specification and Estimation of Consumer Demand Systems with Many Binding Non-negativity Constraints PDF Author: Lung-Fei Lee
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description

Maximum Simulated Likelihood Estimation of Consumer Demand Systems with Binding Non-negativity Constraints

Maximum Simulated Likelihood Estimation of Consumer Demand Systems with Binding Non-negativity Constraints PDF Author: Chihwa Kao
Publisher:
ISBN:
Category :
Languages : en
Pages : 32

Book Description

A Random Preferences Model for the Estimation of Consumer Demand Systems with Binding Nonnegativity Constraints

A Random Preferences Model for the Estimation of Consumer Demand Systems with Binding Nonnegativity Constraints PDF Author: Terence J. Wales
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 30

Book Description

A Maximum Simulated Likelihood Estimation of Consumer Demand Systems with Zero Expenditures

A Maximum Simulated Likelihood Estimation of Consumer Demand Systems with Zero Expenditures PDF Author: Kamhon Kan
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 36

Book Description

A Comment on Consumer Demand Systems with Binding Non-negativity Constraints

A Comment on Consumer Demand Systems with Binding Non-negativity Constraints PDF Author: Michael R. Ransom
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 14

Book Description

Specification and Estimation of Consumer Demand System with Many Binding Non-negativi Constraints

Specification and Estimation of Consumer Demand System with Many Binding Non-negativi Constraints PDF Author: Lung Lee
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description

Specification and Estimation of Consumer Demand Systems with Many Binding Nogativity Constraints

Specification and Estimation of Consumer Demand Systems with Many Binding Nogativity Constraints PDF Author: Lung-Fei Lee
Publisher:
ISBN:
Category :
Languages : en
Pages : 30

Book Description

Demand Systems Estimation

Demand Systems Estimation PDF Author: Stanley R. Johnson
Publisher: Ames : Iowa State University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 200

Book Description

On Dual Approaches to Demand Systems Estimation in the Presence of Binding Quantity Constraints

On Dual Approaches to Demand Systems Estimation in the Presence of Binding Quantity Constraints PDF Author: Channing Arndt
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description
Binding quantity constraints, especially non-negativity constraints, appear frequently in micro-level data sets. Two dual approaches to demand systems estimation in the presence of binding non-negativity constraints are reviewed. It is demonstrated that, in a demand systems context, the more commonly used approach for treating binding non-negativity constraints is incompatible with economic theory and thus produces inconsistent estimates of price response. Furthermore, Monte Carlo experiments indicate that bias can be substantial even if limit observations comprise a relatively small portion of the sample. The alternative, a direct maximum likelihood estimation approach, has desirable properties; however, analytical and computational difficulties severely hamper application. The numerical integration approach, employed here for direct maximum likelihood estimation, is presented. It is believed that this integration approach facilitates direct maximum likelihood estimation for some problems. Nevertheless, the ability to estimate complex demand systems remains constrained.
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