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Model Choice in Consumer Analysis: Taiwan, 1970–89
Author(s) -
Lee JonqYing,
Brown Mark G.,
Seale James L.
Publication year - 1994
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 - 10.2307/1243661
Subject(s) - almost ideal demand system , consumer demand , economics , differential (mechanical device) , consumer behaviour , consumer choice , consumer expenditure survey , microeconomics , econometrics , public economics , business , marketing , demand management , macroeconomics , aggregate expenditure , engineering , aerospace engineering
Expenditure data were used to study how income and prices influenced consumer demand in Taiwan during the last decade. Alternative differential demand models combining the features of the Rotterdam model and the Almost Ideal Demand System (AIDS) were tested. AIDS‐type demand responses describe Taiwanese consumer behavior better than do the other specifications.