Testing for Negativity in a Demand System : A Bayesian Approach

The paper introduces Bayesian inference into a demand model. This allows us to test for the negativity condition of the substitution matrix which is difficult to handle directly in the traditional approach. To illustrate the Bayesian inference procedures, we estimate the Rotterdam model and test the demand properties using Japanese data. The empirical results show the importance of specifically considering negativity in demand analysis

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Year of publication:	1999
Authors:	Hasegawa, Hikaru ; Kozumi, Hideo ; Hashimoto, Noriko
Publisher:	[S.l.] : SSRN
Subject:	Bayes-Statistik \| Bayesian inference \| Nachfragesystem \| Demand system \| Konsumtheorie \| Consumption theory \| Schätztheorie \| Estimation theory
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Empirical Economics, Vol. 24, No. 2, May 1999 Volltext nicht verfügbar
Classification:	C11 - Bayesian Analysis ; D12 - Consumer Economics: Empirical Analysis
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014193104