Imposing Local Curvature Conditions in Flexible Demand Systems
Bibliographic Data
| ID | 19420000 |
|---|---|
| Authors | GianCarlo Moschini (0000-0003-1280-2919, Iowa State University, corresponding author) |
| Year | 1999 |
| Volume | 17 |
| Issue | 4 |
| Pages | 487-490 |
| Publication date | 1999-10-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Business and Economic Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0735-0015 • E-ISSN: 1537-2707 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/07350015.1999.10524837 |
| OpenAlex | W2045561906 |
| Language | EN |
| Citations received | 2 |
| References cited | 8 |
By reparameterizing the basic translog and the log translog demand systems and exploiting the fact that the Slutsky matrix must be negative semidefinite but cannot be negative definite, it is shown that a recently proposed simple procedure to maintain locally the curvature property of consumer theory can be applied to these popular translog models as well. The proposed procedure can also be applied to other demand-system specifications such as, for example, the nonseparable generalized linear expenditure system
Consumer demand · Curvature · Econometrics · Economics · Mathematical economics · Mathematical optimization · Microeconomics · Computer Science · Consumer Market Behavior and Pricing · Economic theories and models · Economics of Agriculture and Food Markets · Mathematics
| Citations per year | 0.09 |
|---|---|
| Citation span | 2003 - 2005 (3) |
| Highly cited | No |