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This article proposes a consumer demand system that has a generalized functional form characterized by the Box-Cox transformation. The new model offers a wider range of responses to both price and expenditure changes than the existing price independent generalized linear models, including the...
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This paper proposes the first ever empirical specification of a trigonometric demand system. The new model is potentially useful because of some attractive features. It is flexible, amenable to exact aggregation over consumers, possessed of trigonometric Engel curves, which can oscillate, and...
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This article investigates the linear approximation to the inverse quadratic almost ideal demand system (IQUAIDS), a recently introduced flexible functional form with potential usefulness. Linearizing this nonlinear model is of practical importance because nonstationary data, which are likely to...
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