满足有效全局正则条件的需求方程组系统

A System of Demand Equations Satisfying Effectively Global Regularity Conditions

Review of Economics and Statistics · 1996
被引 65
人大 AFT50ABS 4

中文导读

提出一种间接效用函数的参数化形式,通过两个单位成本函数构造出“有效全局正则”的需求方程组,该模型涵盖线性支出系统等特例,实证表明其推广价值。

Abstract

A parametric specification of an indirect utility function in terms of expenditure and two unit cost functions.is.proposed.Specification of these unit cost functions in terms of regular functions leads to the notion of an "effectively globally regular" system of demand equations; that is, a system of demand equations that is regular over a cone in expenditure-price space, and for which the regular region includes all points in any given sample, and all values of nominal expenditure and prices generating higher values of real expenditure than the sample minimum.This general model nests a number of popular demand systems, such as the Linear Expenditure System, as special cases.An empirical application demonstrates the value of the generalization.

间接效用函数单位成本函数有效全局正则性需求方程组