Market Response Analysis: The Demand System versus Non-Restricted Marketing Models

Tie Wang

No 116, Econometric Society 2004 Australasian Meetings from Econometric Society

Abstract: There are different views on the specifications of market share models between economists and marketing researchers. The paper made a multi-criteria comparison between the two well-known demand system models, the AIDS and Translog model that are subject to the symmetry and homogeneity restrictions, and the two-market response models in which the symmetry and homogeneity restrictions are not imposed. The results indicate that the two-market response models outperform the two demand system models. This implies some underlying assumptions on which the demand models are derived are not satisfied for the Australian domestic meat market

Keywords: Keywords: Model Comparisons; Demand System; Market Share; Market Response Model. (search for similar items in EconPapers)
JEL-codes: C15 C35 C51 (search for similar items in EconPapers)
Date: 2004-08-11
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Persistent link: https://EconPapers.repec.org/RePEc:ecm:ausm04:116

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