Open Access Repository

A Regular Demand System with Commodity-Specific Demographic Effects


Downloads per month over past year

Blacklow, P, Cooper, Russell, Ham, R and McLaren, K 2006 , A Regular Demand System with Commodity-Specific Demographic Effects.

2006-06.pdf | Download (118kB)
Available under University of Tasmania Standard License.

| Preview


Regular consumer demand systems almost invariably employ specifications that
involve common functional forms in all equations. When applications involve crosssectional
data it is often the case that demographic effects are important. However it
is plausible that demographic effects are commodity-specific. In this case, there may
be a loss of efficiency if a common functional form across commodities is imposed
artificially by entering redundant explanators in demand equations for which specific
demographic influences are unwarranted. This paper explores an approach to
specifying a complete system of demand equations which is fully regular but which
nevertheless allows for commodity-specific variation in the functional form of the
demand equations.

Item Type: Report (Discussion Paper)
Authors/Creators:Blacklow, P and Cooper, Russell and Ham, R and McLaren, K
Keywords: REPEC, Consumer Economics: Theory, Consumer Economics: Empirical Analysis, Demographic Economics
Publisher: University of Tasmania
DOI / ID Number: 2006-06
Item Statistics: View statistics for this item

Actions (login required)

Item Control Page Item Control Page