Asymmetric demand responses: a demand system approach

Asymmetry is introduced into the Rotterdam model by allowing the income response to depend on whether real income increases or decreases. Price responses, in turn, are asymmetric through the general and specific substitution terms. Analysis of data on food and three other broadly defined goods suggests presence of asymmetry.

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Year of publication:	1991
Authors:	Brown, Mark G. ; Lee, Jonq-Ying
Institutions:	Florida Department of Citrus
Subject:	asymmetric demand response \| Rotterdam model \| Demand and Price Analysis

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Extent:	application/pdf
Series:	Research Papers 2005 and Before.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Research Papers 2005 and Before Number 52719
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005026774