Showing 1 - 10 of 14
The system-wide approach is used to develop an import allocation model based on blockwise dependence. The import demand system is parameterized using the absolute version of the Rotterdam model. Two empirical examples are given to illustrate the approach.
Persistent link: https://www.econbiz.de/10005026718
This paper examines several approaches to introduce advertising in systems of demand equations. Advertising is included in the Rotterdam model using an unrestricted specification and three restricted specifications - advertising affects demand alternatively through (1) marginal utilities as in...
Persistent link: https://www.econbiz.de/10005026720
Persistent link: https://www.econbiz.de/10005026730
A mixed demand system is developed using the fundamental matrix equation of demand theory. The model parameterization combines the parameterizations of the quantity- and price- dependent Rotterdam models. The relationship between the mixed-demand-model parameters and the underlying direct and...
Persistent link: https://www.econbiz.de/10005026755
The differential demand model for uniform substitutes is used to analyze demand for orange-juice products. Consumption trends are examined by allowing the marginal propensities to consume to vary with time. Results indicate ready-to-serve (frozen concentrated) orange juice has become more (less)...
Persistent link: https://www.econbiz.de/10005026760
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Asymmetry is introduced into the Rotterdam model by allowing the income response to depend on whether real income increases or decreases. Price responses, in turn, are asymmetric through the general and specific substitution terms. Analysis of data on food and three other broadly defined goods...
Persistent link: https://www.econbiz.de/10005026774
The paper focuses on separability in the almost ideal demand system (AIDS) in time series analysis. The AIDS approximation based on Stone's price index is specified in terms of the Rotterdam model and block additivity is imposed for illustrative purposes. A generalization to other types of...
Persistent link: https://www.econbiz.de/10005026777
This study extends Barten's synthetic demand modeling approach to increase the flexibility of the uniform substitute specification of the Rotterdam demand system. Marginal propensities to consume (MPC) vary with budget shares and Slutsky coefficients are defined in terms of varying MPCs. An...
Persistent link: https://www.econbiz.de/10005469101
This study examines imposing and testing restrictions on preference variables in the Rotterdam model through the impacts of these variables on marginal utilities. An empirical analysis of the impact of a female labor force participation variable in a Rotterdam demand system for fresh fruit...
Persistent link: https://www.econbiz.de/10005802654