Theory and Time Series Estimation of the Quadratic Expenditure System
@article{Howe1979TheoryAT, title={Theory and Time Series Estimation of the Quadratic Expenditure System}, author={Howard Howe and Robert A Pollak and Terence J. Wales}, journal={Econometrica}, year={1979}, volume={47}, pages={1231-1247} }
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References
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past consumption. Weizsacker [3] has studied a similar model. The demand functions are a generalization of the linear expenditure system (1.7) hi(P, p) - bi-i(P) E Pkbk + ri(P)r and depend linearly…
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The paper indicates how the Shephard duality theorem may be utilized in order to obtain a system of derived demand equations which are linear in the technological parameters, thus facilitating…