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The AIDS: A chain price index approach

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  • Brown, Mark G.
  • Lee, Jonq-Ying

Abstract

An AIDS-like demand system model is developed with an easy-to-calculate chain-price index that replaces the price index in the original AIDS.

Suggested Citation

  • Brown, Mark G. & Lee, Jonq-Ying, 2012. "The AIDS: A chain price index approach," Economics Letters, Elsevier, vol. 117(2), pages 477-479.
    • Handle: RePEc:eee:ecolet:v:117:y:2012:i:2:p:477-479
    DOI: 10.1016/j.econlet.2012.06.015
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    References listed on IDEAS

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    1. Barten, Anton P, 1993. "Consumer Allocation Models: Choice of Functional Form," Empirical Economics, Springer, vol. 18(1), pages 129-158.
    2. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762.
    3. Mark G. Brown & Jonq-Ying Lee, 2010. "Preference Variable Impacts in Direct and Inverse Differential Demand Systems," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(3), pages 889-898.
    4. S. Ichimura, 1950. "A Critical Note on the Definition of Related Goods," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 18(3), pages 179-183.
    5. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Demand system; AIDS; Chain price index;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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