Estimation in large and disaggregated demand systems: an estimator for conditionally linear systems

Die Dis cus si on Pape rs die nen einer mög lichst schnel len Ver brei tung von neue ren For schungs arbei ten des ZEW. Die Bei trä ge lie gen in allei ni ger Ver ant wor tung der Auto ren und stel len nicht not wen di ger wei se die Mei nung des ZEW dar.Dis cus si on Papers are inten ded to make results of ZEW research prompt ly avai la ble to other eco no mists in order to encou ra ge dis cus si on and sug gesti ons for revi si ons. The aut hors are sole ly respon si ble for the con tents which do not neces sa ri ly repre sent the opi ni on of the ZEW. The Distribution of Material Footprints in Germany

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“…Our OP E c for leisure and clothing can be compared to the own-price elasticities found in Blundell and Robin (1999).…”

Section: Demand Responses To Price and Budget Changesmentioning

confidence: 99%

The Distribution of Material Footprints in Germany

Pothen

Reaños

2018

SSRN Journal

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“…The expenditure variables in equation (6) are endogenous variables. To solve the endogeneity problem, this study follows the procedures proposed by Blundell and Robin (1999) using instrumental variables. The properties of the neoclassical demand theory consisting of adding-up, homogeneity and Slustky's symmetry can be imposed on equation (6) by restricting its parameters (Banks et al, 1997).…”

Section: Model Specification and Estimation Proceduresmentioning

confidence: 99%

Household Food Demand in Indonesia: A Two-Stage Budgeting Approach

Widarjono

Rucbha

2016

JIEB

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“…The approximate EASI, equation (11) with e y given by equation (10), is trivial to estimate. If the approximate EASI e " is uncorrelated with p, z, ze y, pe y, pz l , for l D 1; :::; L and e y r for r D 0; :::; 5, then, without imposing symmetry of the A l and B matrices, estimating each approximate EASI equation separately by linear ordinary least squares is consistent and equivalent to linear seemingly unrelated regressions (SUR).…”

Section: Estimatorsmentioning

confidence: 99%

Tricks With Hicks: The Easi Demand System

2007

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We invent Implicit Marshallian Demands, a new type of demand function that combines desirable features of Hicksian and Marshallian demand functions. We propose and estimate the Exact Af ne Stone Index (EASI) Implicit Marshallian Demand system. Like the Almost Ideal Demand (AID) system, EASI budget shares are linear in parameters given real expenditures. However, unlike the AID, EASI demands can have any rank and its Engel curves can be polynomials or splines of any order in real expenditures. EASI error terms equal random utility parameters to account for unobserved preference heterogeneity. EASI demand functions can be estimated using GMM or three stage least squares, and, like AID, an approximate EASI model can be estimated by linear regression. JEL Codes: D11, D12, C31, C33, C51

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Estimation in large and disaggregated demand systems: an estimator for conditionally linear systems

Cited by 184 publications

References 12 publications

The Distribution of Material Footprints in Germany

The Distribution of Material Footprints in Germany

Household Food Demand in Indonesia: A Two-Stage Budgeting Approach

Tricks With Hicks: The Easi Demand System

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