A Flexible Multistage Demand System Based on Indirect Separability

GianCarlo Moschini

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: The notion of indirect separability is exploited to derive a new multistage demand system. The model allows a consistent parameterization of demand relations at various budgeting stages and it fulfills the requirement of flexibility while satisfying separability globally. Two propositions are derived to characterize flexible and separable functional forms, which lead to the specifi- cation of a flexible and separable translog (FAST) demand system. The model is particularly attractive for modeling large complete demand systems and is illustrated with an application to Canadian food demand.

Date: 2001-07-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dr.lib.iastate.edu/server/api/core/bitstre ... 3a43628b48ec/content
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
Journal Article: A Flexible Multistage Demand System Based on Indirect Separability (2001)
Working Paper: Flexible Multistage Demand System Based on Indirect Separability, A (2001)
Working Paper: Flexible Multistage Demand System Based on Indirect Separability, A (2000)
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:isu:genstf:200107010700001289

Access Statistics for this paper

More papers in ISU General Staff Papers from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().