Bayesian estimation of an almost ideal demand system for fresh fruit in Portugal
用贝叶斯方法估计葡萄牙新鲜水果的几乎理想需求系统,报告苹果、梨、橙子等六种水果的需求价格弹性和支出弹性矩阵,并施加曲率和单调性约束。
This paper presents the results from estimating an Almost Ideal Demand System (AIDS) for fresh fruit in Portugal. A complete matrix of price and expenditure elasticities of demand for apples, pears, oranges, peaches, cherries and plums is reported. A Bayesian approach is used to impose curvature and monotonicity restrictions in the model.