A DYNAMIC DIFFERENTIAL DEMAND SYSTEM: AN APPLICATION OF TRANSLATION

The differential demand system or Rotterdam model is extended to include lagged consumption through translation parameters, allowing habit and inventory effects. Applications of the model to annual U.S. expenditure and weekly juice sales data illustrate the importance of the time interval of an observation on the relative strengths of the habit inventory.

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Year of publication:	1992
Authors:	Brown, Mark G. ; Lee, Jonq-Ying
Published in:	Southern Journal of Agricultural Economics. - Southern Agricultural Economics Association - SAEA. - Vol. 24.1992, 02
Publisher:	Southern Agricultural Economics Association - SAEA
Subject:	Demand and Price Analysis

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005460193