A Dynamic Differential Demand System: An Application of Translation

Mark G. Brown and Jong-Ying Lee

Journal of Agricultural and Applied Economics, 1992, vol. 24, issue 2, 1-10

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.

Date: 1992
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