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Flexible Specification of Mixed Demand Systems
Author(s) -
Moschini Giancarlo,
Anuradha Vissa
Publication year - 1993
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1242948
Subject(s) - on demand , computer science , mixed model , mathematical optimization , economics , econometrics , mathematics , multimedia , machine learning
Common flexible functional forms are not very useful for modeling mixed demand systems because derivation of mixed demands requires closed forms for both direct and indirect utility functions. In this paper we study the alternative of using a direct approximation to mixed demands. We develop a new approach to Slutsky relations for mixed demand functions allowing formulation of a Rotterdam mixed demand model. The resulting mixed demand system is illustrated with an application to meat demand in Canada.
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