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A Common Dynamic AIDS Model for the Nordic Countries

  • David L. Edgerton
  • Bengt Assarsson
  • Anders Hummelmose
  • Ilkka P. Laurila
  • Kyrre Rickertsen
  • Per Halvor Vale
Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 34)

Abstract

In the previous two chapters we discussed the economic and econometric prerequisites that are necessary if we are to be able to obtain good estimates of a demand system. As we have seen, the choice of functional form is only partially determined by economic theory, that is we require that the demand system should be derived from an expenditure function (or equivalently, a utility function) with certain desirable properties, at least at the micro-level. A broad class of functions satisfy these conditions, amongst them such flexible functional forms as the Translog functions and Deaton and Muellbauer’s (1980b) Almost Ideal Demand System (AIDS).

Keywords

Soft Drink Price Elasticity Nordic Country Common Model Demand System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 1996

Authors and Affiliations

  • David L. Edgerton
    • 1
  • Bengt Assarsson
    • 2
  • Anders Hummelmose
    • 3
  • Ilkka P. Laurila
    • 4
    • 5
  • Kyrre Rickertsen
    • 6
  • Per Halvor Vale
    • 6
  1. 1.Lund UniversitySweden
  2. 2.Uppsala UniversitySweden
  3. 3.LandbocentretBrønderslevDenmark
  4. 4.University of HelsinkiFinland
  5. 5.Agricultural Economics Research InstituteHelsinkiFinland
  6. 6.Agricultural University of NorwayÅsNorway

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