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A System of Demand Equations Satisfying Effectively Global Curvature Conditions

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  • Cooper, Russel J.
  • McLaren, Keith R.
  • Parameswaran, Priya

Abstract

The MPIGLOG specification of an indirect utility function leads to a parametric representation in terms of expenditure and two unit cost functions. Specification of these unit cost functions in terms of regular, flexible functions leads to the notion of an "effectively globally regular" system of demand equations. Three examples demonstrate the success of such a specification in achieving regularity and flexibility.

Suggested Citation

  • Cooper, Russel J. & McLaren, Keith R. & Parameswaran, Priya, "undated". "A System of Demand Equations Satisfying Effectively Global Curvature Conditions," Department of Econometrics and Business Statistics Working Papers 267295, Monash University, Department of Econometrics and Business Statistics.
    • Handle: RePEc:ags:monebs:267295
    DOI: 10.22004/ag.econ.267295
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    Cited by:

    1. is not listed on IDEAS
    2. Powell, Alan A. & McLaren, Keith R. & Pearson, K.R. & Rimmer, Maureen T., 2002. "Cobb-Douglas Utility - Eventually!," Conference papers 330977, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. d'Artis Kancs & Hans Kremers, 2002. "Assessing Impacts of Alternative Renewable Energy Strategies," EERI Research Paper Series EERI_RP_2002_03, Economics and Econometrics Research Institute (EERI), Brussels.
    4. Denis Conniffe, 2006. "Indirect addilog translation of indirect utility functions," Canadian Journal of Economics, Canadian Economics Association, vol. 39(4), pages 1388-1397, November.
    5. Abiodun Elijah Obayelu & V.O. Okoruwa & O.I.Y. Ajani, 2009. "Cross‐sectional analysis of food demand in the North Central, Nigeria," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 1(2), pages 173-193, January.
    6. Rimmer, Maureen T. & Powell, Alan A., "undated". "ENGEL FLEXIBILITY IN HOUSEHOLD BUDGET STUDIES: Non-parametric Evidence versus Standard Functional Forms," Center of Policy Studies (COPS) Impact Project Papers 266350, Monash University Center of Policy Studies.
    7. William Barnett & Meenakshi Pasupathy, 2003. "Regularity of the Generalized Quadratic Production Model: A Counterexample," Econometric Reviews, Taylor & Francis Journals, vol. 22(2), pages 135-154.

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