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This article extends a Rotterdam type of mixed demand system by replacing its constant marginal budget shares with the ones derived from originally defined and specified mixed Engel curves that take a generalized functional form using the Box-Cox transformation. An empirical illustration is...
Persistent link: https://www.econbiz.de/10005290963
This article provides a new interpretation of the scale effects in differential inverse demand systems. A scale curve is defined as a curve that shows how the expenditure share of a good or service changes as the consumption level changes. It is shown that Brown, Lee, and Seale's synthetic model...
Persistent link: https://www.econbiz.de/10009392392
This article extends a Rotterdam type of mixed demand system by replacing its constant marginal budget shares with the ones derived from originally defined and specified mixed Engel curves that take a generalized functional form using the Box-Cox transformation. An empirical illustration is...
Persistent link: https://www.econbiz.de/10009392486
This article provides a new interpretation of the scale effects in differential inverse demand systems. A scale curve is defined as a curve that shows how the expenditure share of a good or service changes as the consumption level changes. It is shown that <link rid="b9">Brown, Lee, and Seale's</link> synthetic model...
Persistent link: https://www.econbiz.de/10005324820