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Incomplete Demand Systems And Semilogarithmic Demand Models

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Author Info
Lafrance, Jeffrey T.

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Abstract

The methodology of LaFrance and Hanemann for analysing the structure of incomplete demand systems is applied to models that are linear or logarithmic in quantities, prices and/or income. The structure of each model is presented when the implications of consumer choice theory are satisfied. The usefulness of the approach is illustrated. It is shown that considerable prior information is obtained from the theory of consumer choice when it is applied to this set of functional forms for demand equations.

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Publisher Info
Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.

Volume (Year): 34 (1990)
Issue (Month): 02 (August)
Pages:
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Handle: RePEc:ags:ajaeau:22442

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Keywords: Demand and Price Analysis;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Labys, Walter C., 1976. "An International Comparison Of Price And Income Elasticities For Wine Consumption," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(01), April. [Downloadable!]
  2. Theil, Henri, 1971. "An Economic Theory of the Second Moments of Disturbances of Behavioral Equations," American Economic Review, American Economic Association, vol. 61(1), pages 190-94, March. [Downloadable!] (restricted)
  3. Hausman, Jerry A, 1981. "Exact Consumer's Surplus and Deadweight Loss," American Economic Review, American Economic Association, vol. 71(4), pages 662-76, September. [Downloadable!] (restricted)
  4. Martin, Will & Porter, Darrell, 1985. "Testing For Changes In The Structure Of The Demand For Meat In Australia," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 29(01), April. [Downloadable!]
  5. Burt, Oscar R & Brewer, Durward, 1971. "Estimation of Net Social Benefits from Outdoor Recreation," Econometrica, Econometric Society, vol. 39(5), pages 813-27, September. [Downloadable!] (restricted)
  6. Currie, John Martin & Murphy, John A & Schmitz, Andrew, 1971. "The Concept of Economic Surplus and its Use in Economic Analysis," Economic Journal, Royal Economic Society, vol. 81(324), pages 741-99, December. [Downloadable!] (restricted)
  7. Fisher, B.S., 1979. "The Demand For Meat - An Example Of An Incomplete Commodity Demand System," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 23(03), December. [Downloadable!]
  8. Huang, Kuo S & Haidacher, Richard C, 1983. "Estimation of a Composite Food Demand System for the United States," Journal of Business & Economic Statistics, American Statistical Association, vol. 1(4), pages 285-91, October.
  9. Alston, Julian M. & Chalfant, James A., 1987. "Weak Separability And A Test For The Specification Of Income In Demand Models With An Application To The Demand For Meat In Australia," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(01), April. [Downloadable!]
  10. Epstein, L, 1975. "A Disaggregate Analysis of Consumer Choice under Uncertainty," Econometrica, Econometric Society, vol. 43(5-6), pages 877-92, Sept.-Nov. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Lanfranco, Bruno A. & Ames, Glenn C. & Huang, Chung L., 2002. "Comparisons Of Hispanic Households' Demand For Meats With Other Ethnic Groups," Journal of Food Distribution Research, Food Distribution Research Society, vol. 33(01), March. [Downloadable!]
  2. Chouinard, Hayley H. & Davis, David E. & Lafrance, Jeffrey T. & Perloff, Jeffrey M., 2006. "Milk Marketing Order Winners and Losers," 2006 Annual meeting, July 23-26, Long Beach, CA 21238, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
    Other versions:
  3. Lanfranco, Bruno A. & Ames, Glenn C.W. & Huang, Chung L., 2001. "Comparisons Of Hispanic Households' Demand For Meat With Other Ethnic Groups," Faculty Series 16710, University of Georgia, Department of Agricultural and Applied Economics. [Downloadable!]
  4. Hellström, Jörgen & Nordström, Jonas, 2005. "Demand and Welfare Effects in Recreational Travel Models: A Bivariate Count Data Approach," UmeÃ¥ Economic Studies 648, Umeå University, Department of Economics. [Downloadable!]
  5. Cheng Fang & John C. Beghin, 2000. "Urban Demand for Edible Oils and Fats in China: Evidence from Household Survey Data," Food and Agricultural Policy Research Institute (FAPRI) Publications 00-wp245, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University. [Downloadable!]
    Other versions:
  6. Jeffrey Englin & Thomas Holmes & Rebecca Niell, 2006. "Alternative Models of Recreational Off-Highway Vehicle Site Demand," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 35(4), pages 327-338, December. [Downloadable!] (restricted)
  7. Lew, Daniel K., 1998. "Some Implications Of The Two-Constraint Joint Recreational Choice Demand Model," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20937, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  8. Jeffrey LaFrance & Rulon Pope, 2008. "Duality Theory for Variable Costs in Joint Production," Working Papers 2009-02, School of Economic Sciences, Washington State University. [Downloadable!]
  9. Larson, Douglas M. & Lew, Daniel K. & Shaikh, Sabina L., 2002. "Estimating The Opportunity Cost Of Recreation Time In An Integrable 2-Constraint Count Demand Model," 2002 Annual meeting, July 28-31, Long Beach, CA 19600, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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