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Complete Systems Of Demand Equations

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  • Vesna Karadzic

Abstract

The purpose of this paper is to analyze the complete systems of demand equations i.e. models of complex demand analysis as a contemporary approach to estimation of demand equations. Linear Expenditure System, Rotterdam model, flexible functional forms have been analyzed in a critical manner. The paper also stresses open questions and problems in the application of these models.

Suggested Citation

  • Vesna Karadzic, 2006. "Complete Systems Of Demand Equations," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 2(3), pages 113-126.
    • Handle: RePEc:mje:mjejnl:v:2:y:2006:i:3:p:113-126
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