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U.S. Consumer Behavior over the Postwar Period: An Almost Ideal Demand System Analysis

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  • Blanciforti, Laura Ann
  • Green, Richard D.
  • King, Gordon A.
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    Abstract

    This study analyzes U.S. consumer budget allocations among 11 aggregate commodity groups for the period 1948-78. Also budget allocations among four food groups are analyzed for this same period. Several alternative model specifications are analyzed. Emphasis is given to the Deaton-Muellbauer (1980a) "almost ideal demand system." A dynamic version of their model is developed and quantified. Comparison of the static and dynamic formulations are compared with similar specifications for the "linear expenditure system." The predictive performance of these four models for the 11 commodity groups is tested for the sample period (1948-78) and for the years 1979-81. The purpose of this study was to develop improved methods for analyzing demand relationships for food and other goods. The results for the dynamic or habit formation specifications appear promising, although no completely satisfactory results for all goods are claimed.

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    File URL: http://purl.umn.edu/11939
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    Bibliographic Info

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    This book is provided by University of California, Davis, Giannini Foundation in its series Monographs with number 11939 and published in 1986.

    Handle: RePEc:ags:dgiamo:11939

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    Phone: 530-752-1517
    Fax: 530-752-5614
    Web page: http://www.agecon.ucdavis.edu/
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    Related research

    Keywords: Demand and Price Analysis; Institutional and Behavioral Economics;

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    Cited by:
    1. Romero-Jordán, Desiderio & del Río, Pablo & Jorge-García, Marta & Burguillo, Mercedes, 2010. "Price and income elasticities of demand for passenger transport fuels in Spain. Implications for public policies," Energy Policy, Elsevier, vol. 38(8), pages 3898-3909, August.
    2. repec:ags:usao13:148045 is not listed on IDEAS
    3. Lichtenberg, Erik & Strand, Ivar E., Jr., 2000. "Joint Adoption Of Multiple Technologies: A Dual, Latent Demand Approach," Working Papers 28566, University of Maryland, Department of Agricultural and Resource Economics.
    4. Choo, Sangho & Lee, Taihyeong & Mokhtarian, Patricia L, 2006. "Relationships between U.S. Consumer Expenditures on Communications and Travel: 1984-2002," Institute of Transportation Studies, Working Paper Series qt1gm08532, Institute of Transportation Studies, UC Davis.
    5. Hovhannisyan, Vardges & Bozic, Marin, 2013. "On Price Endogeneity in the Analysis of Food Demand in China," Staff Papers 159771, University of Minnesota, Department of Applied Economics.
    6. Hovhannisyan, Vardges & Gould, Brian W., 2012. "Structural Changes in Chinese Food Preferences," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 125978, Agricultural and Applied Economics Association.

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