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LIBROS DEL AUTOR: roger h von haefen

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A Complete Characterization of the Implications of Slutzky Symmetry for the Linear, Log-Linear, and Semi-Log Incomplete Demand System Models

Roger H. von Haefen / US Bureau of Labor Statistics (BLS)

This paper extends previous research by LaFrance [1985, 1986, 1987] by deriving the necessary parameter restrictions for two additional classes of incomplete demand system models to have symmetric Slutzky substitution matrices in a local neighborhood of price and income values. In contrast to LaFrance’s previous research, this paper considers models that treat expenditures and ...

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