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Asymmetric demand responses: a demand system approach

Author

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  • Brown, Mark G.
  • Lee, Jonq-Ying

Abstract

Asymmetry is introduced into the Rotterdam model by allowing the income response to depend on whether real income increases or decreases. Price responses, in turn, are asymmetric through the general and specific substitution terms. Analysis of data on food and three other broadly defined goods suggests presence of asymmetry.

Suggested Citation

  • Brown, Mark G. & Lee, Jonq-Ying, 1991. "Asymmetric demand responses: a demand system approach," Research papers 52719, Florida Department of Citrus.
    • Handle: RePEc:ags:fdcrrp:52719
    DOI: 10.22004/ag.econ.52719
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    Keywords

    Demand and Price Analysis;

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