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A Dynamic Differential Demand System: An Application Of Translation

Author

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  • Brown, Mark G.
  • Lee, Jonq-Ying

Abstract

The differential demand system or Rotterdam model is extended to include lagged consumption through translation parameters, allowing habit and inventory effects. Applications of the model to annual U.S. expenditure and weekly juice sales data illustrate the importance of the time interval of an observation on the relative strengths of the habit inventory.

Suggested Citation

  • Brown, Mark G. & Lee, Jonq-Ying, 1992. "A Dynamic Differential Demand System: An Application Of Translation," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(02), December.
  • Handle: RePEc:ags:sojoae:29646
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    File URL: http://purl.umn.edu/29646
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    References listed on IDEAS

    as
    1. Seale, James & Regmi, Anita & Bernstein, Jason, 2003. "International Evidence on Food Consumption Patterns," Technical Bulletins 184321, United States Department of Agriculture, Economic Research Service.
    2. Mountain, Dean C, 1988. "The Rotterdam Model: An Approximation in Variable Space," Econometrica, Econometric Society, vol. 56(2), pages 477-484, March.
    3. Pollak, Robert A & Wales, Terence J, 1981. "Demographic Variables in Demand Analysis," Econometrica, Econometric Society, vol. 49(6), pages 1533-1551, November.
    4. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, May.
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    Cited by:

    1. Al-Kahtani, Safer H. & Sofian, Badr El-din E., 1995. "Estimating preference change in meat demand in Saudi Arabia," Agricultural Economics, Blackwell, vol. 12(1), pages 91-98, April.
    2. Brown, Mark G. & Lee, Jonq-Ying & Seale, James L., 1994. "Demand Relationships Among Juice Beverages: A Differential Demand System Approach," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 26(02), pages 417-429, December.
    3. Al-Kahtani, Safer H. & Sofian, Badr El-din E., 1995. "Estimating preference change in meat demand in Saudi Arabia," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 12(1), April.

    More about this item

    Keywords

    Demand and Price Analysis;

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