A Flexible Multistage Demand System Based on Indirect Separability

dc.contributor.author Moschini, Giancarlo
dc.contributor.department Economics
dc.contributor.department Center for Agricultural and Rural Development
dc.date 2018-02-17T22:31:38.000
dc.date.accessioned 2020-06-30T02:05:15Z
dc.date.available 2020-06-30T02:05:15Z
dc.date.issued 2001-07-01
dc.description.abstract <p>The notion of indirect separability is exploited to derive a new multistage demand system. The model allows a consistent parameterization of demand relations at various budgeting stages and it fulfills the requirement of flexibility while satisfying separability globally. Two propositions are derived to characterize flexible and separable functional forms, which lead to the specifi- cation of a flexible and separable translog (FAST) demand system. The model is particularly attractive for modeling large complete demand systems and is illustrated with an application to Canadian food demand.</p>
dc.description.comments <p>This is a working paper of an article from <em>Southern Economic Journal </em>68 (2001): 22, doi: <a href="http://dx.doi.org/10.2307/1061509" target="_blank">10.2307/1061509</a>.</p>
dc.identifier archive/lib.dr.iastate.edu/econ_las_pubs/189/
dc.identifier.articleid 1190
dc.identifier.contextkey 9222714
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_las_pubs/189
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/21376
dc.source.uri http://lib.dr.iastate.edu/cgi/viewcontent.cgi?article=1289&context=card_workingpapers
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Behavioral Economics
dc.subject.disciplines Econometrics
dc.title A Flexible Multistage Demand System Based on Indirect Separability
dc.type article
dc.type.genre article
dspace.entity.type Publication
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relation.isOrgUnitOfPublication 1a6be5f1-4f64-4e48-bb66-03bbcc25c76d
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