Nesting Quadratic Logarithmic Demand Systems

We propose a new generalised rank-3 demand system which nests all known (and new) rank-3 and rank-2 demand systems derived from the Quadratic Logarithmic (QL) cost function. We investigate its statistical adequacy against commonly en-countered alternatives using U.K. household data.

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Year of publication:	2001-10
Authors:	Lyssiotou, Panayiota ; Pashardes, Panos ; Stengos, Thanasis
Institutions:	University of Cyprus Department of Economics
Subject:	quadratic Logarithmic demand systems \| rank-3 demand systems \| individual household data

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Extent:	application/pdf
Series:	University of Cyprus Working Papers in Economics.
Type of publication:	Book / Working Paper
Language:	English
Notes:	13 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004991197