Barnett, William; Serletis, Apostolos - Department of Economics, University of Kansas - 2009
This paper presents the differential approach to applied demand analysis. The demand systems of this approach are … demand systems and derive the absolute and relative price versions of the Rotterdam model, due to Theil (1965) and Barten … (1966). We address estimation issues and point out that, unlike most parametric and semi-nonparametric demand systems, the …