The inverse almost ideal demand system
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TLDR
The Inverse AIDS (IAIDS) model as discussed by the authors is a linear approximation of the AIDS model with the exception of consistent aggregation, which has been shown to work well for U.S. meat demand.About:
This article is published in European Economic Review.The article was published on 1994-01-01 and is currently open access. It has received 185 citations till now. The article focuses on the topics: Almost ideal demand system.read more
Citations
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Generalized Models of Japanese Demand for Fish
TL;DR: In this article, Japanese fish demand is modeled using both Marshallian (ordinary) and inverse demand systems, each of which nests a number of competing specifications, and the inverse system suggests that Japanese fish prices are less responsive to changes in consumption than found in previous studies.
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Generalized habit formation in an Inverse Almost Ideal Demand System: An application to meat expenditures in the U.S.
Matthew T. Holt,Barry K. Goodwin +1 more
TL;DR: The Inverse Almost Ideal Demand System (IAIDS) model of Moschini and Vissa (1992) and Eales and Unnevehr (1994) is extended to include general, nonlinear, nonadditive habit effects; and a specification for habit stock terms that allows purchases from the distant past to influence current consumption as discussed by the authors.
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Linear Inverse Demand System, A
GianCarlo Moschini,A. Vissa +1 more
TL;DR: In this article, an inverse demand system that can be estimated in a linear form is presented. The model is derived from a specification of the distance function which is parametrically similar to the cost function underlying the Almost Ideal Demand System.
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A Linear Inverse Demand System
TL;DR: In this paper, an inverse demand system that can be estimated in a linear form is presented. The model is derived from a specification of the distance function which is parametrically similar to the cost function underlying the Almost Ideal Demand System.
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The demand for meat in South Africa : an almost ideal estimation
TL;DR: In this paper, a linear approximated almost ideal demand system (LA/AIDS) was used to anticipate the demand relations for meat (beef, chicken, pork and mutton) in South Africa from 1970-2000.
References
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An Almost Ideal Demand System
TL;DR: The Almost Ideal Demand System (AIDS) as mentioned in this paper is a first-order approximation of the Rotterdam and translog models, which has been used to test the homogeneity and symmetry restrictions of demand analysis.
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Economics and consumer behavior
Angus Deaton,John Muellbauer +1 more
TL;DR: Deaton and Muellbauer as mentioned in this paper introduced generations of students to the economic theory of consumer behaviour and used it in applied econometrics, including consumer index numbers, household characteristics, demand, and household welfare comparisons.
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Transcendental Logarithmic Utility Functions
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Maximum likelihood estimation of a complete system of demand equations
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Elasticities in AIDS Models
Richard Green,Julian M. Alston +1 more
TL;DR: In the literature, a variety of approaches have been used to calculate demand elasticities in almost ideal demand system (AIDS) models of demand as mentioned in this paper, and some of these approaches may lead to significant errors.