Advertisement

A Simple and Efficient Estimation Method for a Non-Linear Demand System

Chapter
  • 89 Downloads
Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 25)

Abstract

A least-squares-type estimation method appears to be about as efficient as maximum likelihood with a known contemporaneous covariance matrix.

Keywords

Economic Letter Budget Share Asymptotic Standard Error Alternative Estimation Method Eminent Scholar 
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.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Laitinen, K.: 1978, “Why is Demand Homogeneity So Often Rejected?” Economics Letters, 1, 187–191.CrossRefGoogle Scholar
  2. Rosalsky, M.C., R. Finke and H. Theil: 1984, “The Downward Bias of Asymptotic Standard Errors of Maximum Likelihood Estimates of Non-linear Systems,” Economics Letters, 14, 207–211.CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media Dordrecht 1992

Authors and Affiliations

  1. 1.University of FloridaGainesvilleUSA
  2. 2.Wilfrid Laurier UniversityWaterlooCanada

Personalised recommendations