A DYNAMIC DIFFERENTIAL DEMAND SYSTEM: AN APPLICATION OF TRANSLATION

Mark G. Brown and Jonq-Ying Lee

Southern Journal of Agricultural Economics, 1992, vol. 24, issue 2, 10

Abstract: The differential demand system or Rotterdam model is extended to include lagged consumption through translation parameters, allowing habit and inventory effects. Applications of the model to annual U.S. expenditure and weekly juice sales data illustrate the importance of the time interval of an observation on the relative strengths of the habit inventory.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 1992
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:sojoae:29646

DOI: 10.22004/ag.econ.29646

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