IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Estimation of a Two-Stage LES-AIDS Consumer Demand System for Eight EC Countries

  • Michalek, J
  • Keyzer, M A

This paper discusses specification and an estimation of a two-stage Linear Expenditure System-Almost Ideal Demand System (LES-AIDS) consumer demand system for eight EC countries. The upper level allocates uncommitted expenditure via an AIDS system between food, beverages, and other commodities. The technique used exploits the fact that there are only three AlDS-aggregates to explicitly maintain concavity of the expenditure function within a given range of budget shares; it also ensures consistency of the aggregate price index in the AIDS with the parameters of the system. The lower level allocates food via an LES-system for ten categories, with time-dependent commitments. Empirical results look promising. Copyright 1992 by Oxford University Press.

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Article provided by Foundation for the European Review of Agricultural Economics in its journal European Review of Agricultural Economics.

Volume (Year): 19 (1992)
Issue (Month): 2 ()
Pages: 137-63

as
in new window

Handle: RePEc:oup:erevae:v:19:y:1992:i:2:p:137-63
Contact details of provider: Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Fax: 01865 267 985
Web page: http://www.erae.oupjournals.org/
Email:


More information through EDIRC

Order Information: Web: http://www.oup.co.uk/journals

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:oup:erevae:v:19:y:1992:i:2:p:137-63. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)

or (Christopher F. Baum)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.