We propose estimators of previous termfeatures of the distributionnext term of an unobserved random variable W. What is observed is previous termanext term sample of Y,V,X where previous termanext term binary Y equals one when W exceeds previous termanext term threshold V determined by...

This paper shows that there exists a relatively simple demand model that is consistent with utility maximization, and has nested within it both the almost ideal demand system and translog models. This model is exactly aggregated, then estimated using aggregate U.S. demand data. The results are...