The Estimation of Mixed Demand Systems

Anton P. Barten

Chapter 3 in Contributions to Consumer Demand and Econometrics, 1992, pp 31-57 from Palgrave Macmillan

Abstract: Abstract In applied demand analysis the quantities demanded are usually explained as a function of prices and total expenditure. Complete systems of such demand functions describe in this way all (groups of) commodities in the budget of the consumer. They reflect the basic assumptions about utility maximizing behaviour of the consumer by the parametrization of the functions. The Rotterdam demand system of Theil (1965) may serve as an example of such a regular system.

Keywords: Demand Function; Demand System; Regular System; Fresh Vegetable; Price Formation (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-12221-9_3

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