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Flexible Multistage Demand System Based on Indirect Separability, A Author info | Abstract | Publisher info | Download info | Related research | Statistics GianCarlo Moschini () (Center for Agricultural and Rural Development (CARD) )
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The notion of indirect separability is exploited to derive a new multistage demand system. The model allows a consistent parameterization of demand relations at various budgeting stages and it fulfills the requirement of flexibility while satisfying separability globally. Two propositions are derived to characterize flexible and separable functional forms, which lead to the specification of a flexible and separable translog (FAST) demand system. The model is particularly attractive for modeling large complete demand systems, and is illustrated with an application to Canadian food demand.
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Paper provided by Center for Agricultural and Rural Development (CARD) at Iowa State University in its series Center for Agricultural and Rural Development (CARD) Publications with number
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Date of creation: Dec 2000Date of revision:
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Bergtold, Jason & Akobundu, Ebere & Peterson, Everett B., 2003.
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"Introducing Asymmetric Separability in the FAST Multistage Demand System ,"
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