Market Response Analysis: The Demand System versus Non-Restricted Marketing Models
There are different views on the specifications of market share models between economists and marketing researchers. The paper made a multi-criteria comparison between the two well-known demand system models, the AIDS and Translog model that are subject to the symmetry and homogeneity restrictions, and the two-market response models in which the symmetry and homogeneity restrictions are not imposed. The results indicate that the two-market response models outperform the two demand system models. This implies some underlying assumptions on which the demand models are derived are not satisfied for the Australian domestic meat market
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|Date of creation:||11 Aug 2004|
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