Search Results - subject:"Numerical Inversion Estimation Method"

Narrow search

The Benefit Function Approach to Modeling Price-Dependent Demand Systems: An Application of Duality Theory

McLaren, Keith R.; Wong, K. K. Gary - Department of Econometrics and Business Statistics, … - 2008

derived directly from a benefit function. We also make use of a numerical inversion estimation method to rectify the …

Persistent link: https://www.econbiz.de/10005427615

Effective global regularity and empirical modeling of direct, inverse and mixed demand systems

McLaren, Keith R.; Wong, K.K. Gary - Department of Econometrics and Business Statistics, … - 2007

inversion estimation method to rectify the endogeneity problem encountered in the estimation of the mixed demand systems. We … rank, which can better approximate non-linear Engel curves. We also make extensive use of duality theory and a numerical …

Persistent link: https://www.econbiz.de/10005149055

Regular and Estimable Inverse Demand Systems: A Distance Function Approach

Wong, Gary K.K.; McLaren, Keith R. - Department of Econometrics and Business Statistics, … - 2002

To be useful for realistic policy simulation in an environment of rapid structural change, inverse demand systems must remain regular over substantial variations in quantities. The distance function is a convenient vehicle for generating such systems. While it directly yields Hicksian inverse...

Persistent link: https://www.econbiz.de/10005581141