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The Almost Ideal Demand System: A Comparison And Application To Food

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  • Blanciforti, Laura

Abstract

The Almost Ideal Demand System(AIDS) has been estimated for four food groups and compared to its own linear approximate version and the linear expenditure 5ystem(LES). The AIDS avoid the restrictive proportionality relationship of the LES and its approximate version estimates expenditure elasticities quite well.

Suggested Citation

  • Blanciforti, Laura, 1982. "The Almost Ideal Demand System: A Comparison And Application To Food," 1982 Annual Meeting, August 1-4, Logan, Utah 279459, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea82:279459
    DOI: 10.22004/ag.econ.279459
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    References listed on IDEAS

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    1. Bieri, Jurg & Janvry, Alain de, 1972. "Empirical Analysis of Demand Under Consumer Budgeting," Monographs, University of California, Davis, Giannini Foundation, number 251916, December.
    2. Klevmarken, N. Anders, 1979. "A comparative study of complete systems of demand functions," Journal of Econometrics, Elsevier, vol. 10(2), pages 165-191, June.
    3. BARTEN, Anton P., 1969. "Maximum likelihood estimation of a complete system of demand equations," LIDAM Reprints CORE 34, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    4. Barten, A. P., 1969. "Maximum likelihood estimation of a complete system of demand equations," European Economic Review, Elsevier, vol. 1(1), pages 7-73.
    5. Berndt, Ernst R & Savin, N Eugene, 1975. "Estimation and Hypothesis Testing in Singular Equation Systems with Autoregressive Disturbances," Econometrica, Econometric Society, vol. 43(5-6), pages 937-957, Sept.-Nov.
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