The Differential Approach to Demand Analysis and the Rotterdam Model

William Barnett and Apostolos Serletis

No 200902, WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS from University of Kansas, Department of Economics

Abstract: This paper presents the differential approach to applied demand analysis. The demand systems of this approach are general, having coefficients which are not neces- sarily constant. We consider the Rotterdam parameterization of differential demand systems and derive the absolute and relative price versions of the Rotterdam model, due to Theil (1965) and Barten (1966). We address estimation issues and point out that, unlike most parametric and semi-nonparametric demand systems, the Rotterdam model is econometrically regular.

Keywords: Diffrential demand systems; Theoretical regularity; Econometric regularity. (search for similar items in EconPapers)
JEL-codes: D12 E21 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2009-01, Revised 2009-01
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (5)

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Working Paper: The Differential Approach to Demand Analysis and the Rotterdam Model (2008)
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