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portada A Complete Characterization of the Implications of Slutsky Symmetry for the Linear, Log-Linear, and Semi-Log Incomplete Demand System Models
Type
Physical Book
Author
Publisher
Language
English
Pages
68
Format
Paperback
Dimensions
28x21.6x0.4 cm
Weight
0.18 kg.
ISBN13
9781491211267
Categories

A Complete Characterization of the Implications of Slutsky Symmetry for the Linear, Log-Linear, and Semi-Log Incomplete Demand System Models

Roger H. Vonhaefen (Author) · Createspace · Paperback

A Complete Characterization of the Implications of Slutsky Symmetry for the Linear, Log-Linear, and Semi-Log Incomplete Demand System Models - Vonhaefen, Roger H.

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Synopsis "A Complete Characterization of the Implications of Slutsky Symmetry for the Linear, Log-Linear, and Semi-Log Incomplete Demand System Models"

In a series of papers, LaFrance [1985, 1986, 1990] derives the necessary restrictions for the linear, log-linear, and semi-log incomplete demand system specifications to have symmetric Slutsky matrices in an open neighborhood of relevant price and income levels. These modelsemploy the quantities demanded by the individual as the dependent variables in the specified demand equations, share a common linear-in-parameters and additive structure, and have been extensively used in applied work (e.g., Englin, Boxall, and Watson [1998], Shonkwiler [1999]).

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