Residential College | false |
Status | 已發表Published |
The use of conditional cost functions to generate estimable mixed demand systems | |
Wong,K. K.Gary1; Park,Hoanjae2 | |
2019-06-19 | |
Source Publication | American Journal of Agricultural Economics |
ABS Journal Level | 3 |
ISSN | 14678276 00029092 |
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. © 2007 American Agricultural Economics Association. |
Keyword | Conditional Cost Functions Mixed Demands Numerical Inversion Estimation Method |
DOI | 10.1111/j.1467-8276.2007.00976.x |
URL | View the original |
Language | 英語English |
WOS ID | WOS:000245853700005 |
Scopus ID | 2-s2.0-34547479461 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | University of Macau |
Affiliation | 1.Department of EconomicsThe University of Macau,Macao 2.Department of EconomicsCatholic University of Daegu,South Korea |
First Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | Wong,K. K.Gary,Park,Hoanjae. The use of conditional cost functions to generate estimable mixed demand systems[J]. American Journal of Agricultural Economics, 2019, 89(2), 273-286. |
APA | Wong,K. K.Gary., & Park,Hoanjae (2019). The use of conditional cost functions 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 functions to generate estimable mixed demand systems".American Journal of Agricultural Economics 89.2(2019):273-286. |
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