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Discriminating Among Alternative Changing Taste Demand Models

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  • Green, Richard D.
  • Pope, Rulon D.
  • Phipps, Tim T.

Abstract

Economists have been concerned about the best way to model changes in taste in demand analyses. Recently non-nested testing procedures have been devised that, when applied to demand analyses, allows one to discriminate among the various Changing taste specifications. Results from this paper address sone of these interesting questions that economists in the past have not been able to treat in a rigorous fashion.

Suggested Citation

  • Green, Richard D. & Pope, Rulon D. & Phipps, Tim T., 1980. "Discriminating Among Alternative Changing Taste Demand Models," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278896, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea80:278896
    DOI: 10.22004/ag.econ.278896
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    References listed on IDEAS

    as
    1. M. H. Pesaran, 1974. "On the General Problem of Model Selection," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(2), pages 153-171.
    2. Pollak, Robert A, 1978. "Endogenous Tastes in Demand and Welfare Analysis," American Economic Review, American Economic Association, vol. 68(2), pages 374-379, May.
    3. Pollak, Robert A & Wales, Terrence J, 1969. "Estimation of the Linear Expenditure System," Econometrica, Econometric Society, vol. 37(4), pages 611-628, October.
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    Keywords

    Demand and Price Analysis;

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