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Terence Wales

Researcher at University of British Columbia

Publications -  60
Citations -  7701

Terence Wales is an academic researcher from University of British Columbia. The author has contributed to research in topics: Curvature & Higher education. The author has an hindex of 34, co-authored 60 publications receiving 7577 citations.

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A normalized quadratic semiflexible functional form

TL;DR: In this article, the authors propose the concept of a semiflexible form, which is a special case of a flexible form but which requires fewer free parameters, allowing the researcher to choose the degree of flexibility consistent with feasibility of estimation, while maintaining the concavity in prices property required by economic theory.
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A Simple Method for Imposing Local Curvature in Some Flexible Consumer-Demand Systems

TL;DR: In this paper, the authors introduce a procedure for imposing curvature conditions locally in a class of flexible demand systems, where curvature is satisfied not only at the point of imposition but at every data point.
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Normalized Quadratic Systems of Consumer Demand Functions

TL;DR: In this paper, the authors propose and estimate two demand systems for which these conditions can be imposed globally; the first is derived from a normalized quadratic reciprocal indirect utility function and the second is derived by using the normalized quadrinear expenditure function, and they show that the latter is flexible, in the class of functions satisfying local money metric scaling.