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Global properties of well-behaved demand systems: A generalized logit model specification

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  • Dumagan, Jesus C.
  • Mount, Timothy D.

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  • Dumagan, Jesus C. & Mount, Timothy D., 1996. "Global properties of well-behaved demand systems: A generalized logit model specification," Economic Modelling, Elsevier, vol. 13(2), pages 235-256, April.
    • Handle: RePEc:eee:ecmode:v:13:y:1996:i:2:p:235-256
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    1. Thomas J. Lutton & Michael R. LeBlanc, 1984. "A Comparison of Multivariate Logit and Translog Models for Energy and Nonenergy Input Cost Share Analysis," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 35-44.
    2. Lionel McKenzie, 1957. "Demand Theory Without a Utility Index," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 24(3), pages 185-189.
    3. Takayama,Akira, 1985. "Mathematical Economics," Cambridge Books, Cambridge University Press, number 9780521314985, September.
    4. Christensen, Laurits R & Jorgenson, Dale W & Lau, Lawrence J, 1975. "Transcendental Logarithmic Utility Functions," American Economic Review, American Economic Association, vol. 65(3), pages 367-383, June.
    5. Diewert, Walter E & Wales, Terence J, 1987. "Flexible Functional Forms and Global Curvature Conditions," Econometrica, Econometric Society, vol. 55(1), pages 43-68, January.
    6. Dumagan, Jesus C. & Mount, Timothy D., 1993. "Welfare effects of improving end-use efficiency: Theory and application to residential electricity demand," Resource and Energy Economics, Elsevier, vol. 15(2), pages 175-201, June.
    7. Dumagan, Jesus C. & Mount, Timothy D., 1992. "Measuring the consumer welfare effects of carbon penalties : Theory and applications to household energy demand," Energy Economics, Elsevier, vol. 14(2), pages 82-93, April.
    8. W.A. Barnett & J.M. Binner, 2004. "The Global Properties of the Minflex Laurent, Generalized Leontief, and Translog Flexible Functional Forms," Contributions to Economic Analysis, in: Functional Structure and Approximation in Econometrics, pages 79-97, Emerald Group Publishing Limited.
    9. Jeffrey T. LaFrance & W. Michael Hanemann, 1989. "The Dual Structure of Incomplete Demand Systems," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(2), pages 262-274.
    10. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, September.
    11. Considine, Timothy J, 1990. "Symmetry Constraints and Variable Returns to Scale in Logit Models," Journal of Business & Economic Statistics, American Statistical Association, vol. 8(3), pages 347-353, July.
    12. Barnett, William A. & Lee, Yul W. & Wolfe, Michael D., 1985. "The three-dimensional global properties of the minflex laurent, generalized leontief, and translog flexible functional forms," Journal of Econometrics, Elsevier, vol. 30(1-2), pages 3-31.
    13. Caves, Douglas W & Christensen, Laurits R, 1980. "Global Properties of Flexible Functional Forms," American Economic Review, American Economic Association, vol. 70(3), pages 422-432, June.
    14. Timothy Tyrrell & Timothy Mount, 1982. "A Nonlinear Expenditure System Using a Linear Logit Specification," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(3), pages 539-546.
    15. Diewert, W E, 1971. "An Application of the Shephard Duality Theorem: A Generalized Leontief Production Function," Journal of Political Economy, University of Chicago Press, vol. 79(3), pages 481-507, May-June.
    16. Dale S. Rothman & J. Ho Hong & Timothy D. Mount, 1994. "Estimating Consumer Energy Demand Using International Data: Theoretical and Policy Implications," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 67-88.
    17. Richard Green & Julian M. Alston, 1990. "Elasticities in AIDS Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(2), pages 442-445.
    18. Considine, Timothy J & Mount, Timothy D, 1984. "The Use of Linear Logit Models for Dynamic Input Demand Systems," The Review of Economics and Statistics, MIT Press, vol. 66(3), pages 434-443, August.
    19. Berndt, Ernst R & Khaled, Mohammed S, 1979. "Parametric Productivity Measurement and Choice among Flexible Functional Forms," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1220-1245, December.
    20. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
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    Cited by:

    1. Kelly, Mark, 2017. "Health capital accumulation, health insurance, and aggregate outcomes: A neoclassical approach," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 1-22.
    2. Considine, Timothy J., 2018. "Estimating concave substitution possibilities with non-stationary data using the dynamic linear logit demand model," Economic Modelling, Elsevier, vol. 72(C), pages 22-30.
    3. Dumagan, Jesus C. & Mount, Timothy D., 1997. "Approximating compensated income from ordinary demand functions1," Economics Letters, Elsevier, vol. 55(2), pages 191-201, August.
    4. Ethier, Robert G. & Mount, Timothy D., 1996. "Competitive Electricity Markets In New York State: Empirical Impacts Of Industry Restructuring," Working Papers 127907, Cornell University, Department of Applied Economics and Management.
    5. M. Ali Khan & Edward E. Schlee, 2016. "On Lionel McKenzie's 1957 intrusion into 20th‐century demand theory," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 49(2), pages 589-636, May.
    6. Weng, Weifeng & Mount, Timothy D., 1997. "Demand Systems For Energy Forecasting: Practical Considerations For Estimating A Generalized Logit Model," Working Papers 127814, Cornell University, Department of Applied Economics and Management.

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