The Use of Linear Logit Models for Dynamic Input Demand Systems
Bibliographic Data
| ID | 19320047 |
|---|---|
| Authors | Timothy J Considine (0000-0001-6844-9494), Timothy D Mount |
| Year | 1984 |
| Volume | 66 |
| Issue | 3 |
| Pages | 434 |
| Publication date | 1984-08-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/1924999 |
| OpenAlex | W2053380248 |
| Language | EN |
| Citations received | 4 |
| References cited | 1 |
This paper demonstrates that a linear logit model, with appropriate constraints, can be used to specify a system of cost share equations that satisfy neoclassical economic conditions. Unlike many other flexible functional forms, the logistic function is particularly well suited for incorporating dynamic adjustment mechanisms. The empirical results suggest that the use of static models overstates short-run own-price elasticities and understates the corresponding long-run price effects
Econometrics · Economics · Logistic regression · Logit · Mixed logit · Statistics · Computer Science · Consumer Market Behavior and Pricing · Economic and Environmental Valuation · Economics of Agriculture and Food Markets · Mathematics
| Citations per year | 0.1 |
|---|---|
| Citation span | 1986 - 1995 (10) |
| Highly cited | No |