A characterization of the composite price variable to approximate a price aggregator function in the Quadratic Almost Ideal Demand System

Amita Majumder

Economics Bulletin, 2009, vol. 29, issue 3, 2050-2054

Abstract: In investigating linear approximations to the Quadratic Almost Ideal Demand System (QUAIDS), Matsuda (2006) proposed a composite variable to approximate a price aggregator function. This paper provides an axiomatic characterization of this composite price variable.

Keywords: QUAIDS; Linear approximation; Price aggregator; Characterization (search for similar items in EconPapers)
JEL-codes: C4 D1 (search for similar items in EconPapers)
Date: 2009-08-20
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