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

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

Paperback (31 Jul 2013)

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Publisher's Synopsis

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]).

Book information

ISBN: 9781491211267
Publisher: On Demand Publishing, LLC-Create Space
Imprint: Createspace
Pub date:
Language: English
Number of pages: 68
Weight: 181g
Height: 279mm
Width: 216mm
Spine width: 4mm