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Demographic variables in demand systems: The case for generality

Citation

Ray, R, Demographic variables in demand systems: The case for generality, Empirical Economics, 21, (2) pp. 307-315. ISSN 0377-7332 (1996) [Refereed Article]

DOI: doi:10.1007/BF01175975

Abstract

This paper provides evidence in favour of greater generality in the demographic demand literature. We propose two demographic demand procedures. One extends the German model by allowing non additive interaction between Overheads' and 'Barten scaling'. The other extends 'Price Scaling', by allowing the equivalence scale to vary with utility, and offers a test of 'Equivalence Scale Exactness' (ESE). The rejection of ESE is robust to the assumed demand functional forms (RNLPS, QAIDS), to items chosen, and the estimation method (MLE, GMM). The results show that published cell averages yield well determined estimates of the demographic generalisation parameters.

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Econometrics
Research Field:Econometrics not elsewhere classified
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Microeconomics not elsewhere classified
Author:Ray, R (Professor Ranjan Ray)
ID Code:8173
Year Published:1996
Deposited By:Economics and Finance
Deposited On:1996-08-01
Last Modified:2011-08-19
Downloads:0

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