Estimating a Demand System with Nonnegativity Constraints: Mexican Meat Demand

Abstract

A new information-based approach for estimating systems of many equations with nonnegativity constraints is presented. This approach, called generalized maximum entropy (GME), is more practical and efficient than traditional maximum likelihood methods. The GME method is used to estimate an almost ideal demand system for five types of meat using cross… (More)

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Cite this paper

@inproceedings{Golan2000EstimatingAD, title={Estimating a Demand System with Nonnegativity Constraints: Mexican Meat Demand}, author={Amos Golan and Jeffrey M. Perloff and Edward Zhihua Shen}, year={2000} }