CRITERIA FOR MODEL SPECIFICATION OF DEMAND SYSTEMS

Oral Capps and Joseph Havlicek

No 279294, 1981 Annual Meeting, July 26-29, Clemson, South Carolina from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Four general principles are formulated as criteria for model specification of demand systems. The concepts shed light on systems credibility, validation, strengths, and weaknesses. The principles are used to judge the empirical performance of the S 1 -branch system.

Keywords: Consumer/Household; Economics (search for similar items in EconPapers)
Pages: 16
Date: 1981-07
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea81:279294

DOI: 10.22004/ag.econ.279294

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