A Theory of Serial Correlation of Stochastic Taste Changers in Direct Utility Functions
提出一种理论，将需求系统中的随机扰动视为消费者效用函数中随机扰动的函数，通过三个假设大幅减少序列协方差矩阵的独立元素，使极大似然搜索方法可扩展至大型需求系统的参数估计。
Methods of maximum-likelihood search (eg., Hildreth-Lu) for single equations models with autocorrelated disturbances are not easily extended to the multi-equation systems encountered in econometric studies of consumer demand. The obstacle is the large dimension of the space of independent serial correlation coefficients to be partitioned and searched. This paper treats stochastic disturbance vectors in demand/expenditure systems as functions of random disturbances in consumer utility functions. It specifies marginal utilities to be products of a systematic function and a nonnegative random disturbance. Under this specification, three hypotheses that readily come to mind in the context of consumer theory drastically reduce the number of independent elements of serial covariance matrices. This in turn makes practicable the extension of maximum-likelihood search methods in the estimation of parameters of large demand systems.