A System of Demand Equations Satisfying Effectively Global Curvature Conditions

Russel J. Cooper, Keith R. McLaren and Priya Parameswaran

No 267295, Department of Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics

Abstract: The MPIGLOG specification of an indirect utility function leads to a parametric representation in terms of expenditure and two unit cost functions. Specification of these unit cost functions in terms of regular, flexible functions leads to the notion of an "effectively globally regular" system of demand equations. Three examples demonstrate the success of such a specification in achieving regularity and flexibility.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/267295/files/monash-118.pdf (application/pdf)
https://ageconsearch.umn.edu/record/267295/files/monash-118.pdf?subformat=pdfa (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:monebs:267295

DOI: 10.22004/ag.econ.267295

Access Statistics for this paper

More papers in Department of Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().