Residential College | false |
Status | 已發表Published |
The Use of Conditional Cost Function to Generate Estimable Mixed Demand Systems | |
Wong, K. K. Gary1; Park, Hoanjae2 | |
2007-05 | |
Source Publication | AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS |
ABS Journal Level | 3 |
ISSN | 0002-9092 |
Volume | 89Issue:2Pages:273-286 |
Abstract | Mixed demand systems have been virtually ignored in empirical work solely because derivation of these systems requires closed forms for both direct and indirect utility functions. This article proposes the alternative of using a conditional cost function to generate empirical mixed demand models. This approach allows the estimation of mixed demand systems, which are explicit in an unobservable variable (utility), but may lack a closed form representation in terms of observable variables such as prices, quantities and expenditure. Results indicate that this approach is operationally feasible, which opens up a wider range of mixed demand specifications in static analyses. |
Keyword | Conditional Cost Functions Mixed Demands Numerical Inversion Estimation Method |
DOI | 10.1111/j.1467-8276.2007.00976.x |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Agriculture ; Business & Economics |
WOS Subject | Agricultural Economics & Policy ; Economics |
WOS ID | WOS:000245853700005 |
Scopus ID | 2-s2.0-34547479461 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | Faculty of Social Sciences DEPARTMENT OF ECONOMICS |
Affiliation | 1.Univ Macau, Dept Econ, Macao, Peoples R China 2.Catholic Univ Daegu, Dept Econ, Taegu, South Korea |
First Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | Wong, K. K. Gary,Park, Hoanjae. The Use of Conditional Cost Function to Generate Estimable Mixed Demand Systems[J]. AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 2007, 89(2), 273-286. |
APA | Wong, K. K. Gary., & Park, Hoanjae (2007). The Use of Conditional Cost Function to Generate Estimable Mixed Demand Systems. AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 89(2), 273-286. |
MLA | Wong, K. K. Gary,et al."The Use of Conditional Cost Function to Generate Estimable Mixed Demand Systems".AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS 89.2(2007):273-286. |
Files in This Item: | There are no files associated with this item. |
Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.
Edit Comment