Flexible Specification of Mixed Demand Systems
提出一种直接逼近混合需求的方法,推导出混合需求的斯卢茨基关系,并构建了鹿特丹混合需求模型,最后用加拿大肉类需求数据进行了实证分析。
Abstract Common flexible functional forms are not very useful for modeling mixed demand systems because derivation of mixed demands requires closed forms for both direct and indirect utility functions. In this paper we study the alternative of using a direct approximation to mixed demands. We develop a new approach to Slutsky relations for mixed demand functions allowing formulation of a Rotterdam mixed demand model. The resulting mixed demand system is illustrated with an application to meat demand in Canada.