Home A Complete Characterization of the Implications of Slutsky Symmetry for the Linear, Log-Linear, and Semi-Log Incomplete Demand System Models PDF ISBN-10 1491211261, ISBN-13 978-1491211

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

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Paperback: 66 pages
Publisher: CreateSpace Independent Publishing Platform (July 31, 2013)
Language: English
ISBN-10: 1491211261
ISBN-13: 978-1491211267
Product Dimensions: 8.5 x 0.2 x 11 inches
Format: PDF ePub TXT ebook

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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 ...

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