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Linear Inverse Demand System, A

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  • Moschini, GianCarlo
  • Vissa, A.

Abstract

We present an inverse demand system that can be estimated in a linear form. The model is derived from a specification of the distance function which is parametrically similar to the cost function underlying the Almost Ideal Demand System. Simulation results suggest that this linear inverse demand system has good approximation properties.

Suggested Citation

  • Moschini, GianCarlo & Vissa, A., 1992. "Linear Inverse Demand System, A," Staff General Research Papers Archive 11250, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:11250
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    References listed on IDEAS

    as
    1. Giancarlo Moschini & Karl D. Meilke, 1989. "Modeling the Pattern of Structural Change in U.S. Meat Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(2), pages 253-261.
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    11. Hanoch, Giora, 1978. "Symmetric Duality and Polar Production Functions," Histoy of Economic Thought Chapters, in: Fuss, Melvyn & McFadden, Daniel (ed.),Production Economics: A Dual Approach to Theory and Applications, volume 1, chapter 2, McMaster University Archive for the History of Economic Thought.
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