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A characterization of the composite price variable to approximate a price aggregator function in the Quadratic Almost Ideal Demand System

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Listed:
  • Amita Majumder

    (Indian Statistical Institute)

Abstract

In investigating linear approximations to the Quadratic Almost Ideal Demand System (QUAIDS), Matsuda (2006) proposed a composite variable to approximate a price aggregator function. This paper provides an axiomatic characterization of this composite price variable.

Suggested Citation

  • Amita Majumder, 2009. "A characterization of the composite price variable to approximate a price aggregator function in the Quadratic Almost Ideal Demand System," Economics Bulletin, AccessEcon, vol. 29(3), pages 2050-2054.
    • Handle: RePEc:ebl:ecbull:eb-09-00427
    as

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    References listed on IDEAS

    as
    1. James Banks & Richard Blundell & Arthur Lewbel, 1997. "Quadratic Engel Curves And Consumer Demand," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 527-539, November.
    2. Giancarlo Moschini, 1995. "Units of Measurement and the Stone Index in Demand System Estimation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(1), pages 63-68.
    3. Toshinobu Matsuda, 2006. "Linear approximations to the quadratic almost ideal demand system," Empirical Economics, Springer, vol. 31(3), pages 663-675, September.
    4. repec:ubc:bricol:00-16 is not listed on IDEAS
    5. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    QUAIDS; Linear approximation; Price aggregator; Characterization;
    All these keywords.

    JEL classification:

    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
    • D1 - Microeconomics - - Household Behavior

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