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Further Results on Aggregation of Differential Demand Equations

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  • E. A. Selvanathan

Abstract

Barnett (1979a, 1981) Theil's extending (1971) work, aggregates differential demand equations in absolute (undeflated) prices. This paper extends further these results by deriving aggregate (macro) demand equations in relative prices under stated assumptions. These equations are analogous to the individual consumer's (micro) demand equations and the properties of the microcoefricients carry over.

Suggested Citation

  • E. A. Selvanathan, 1991. "Further Results on Aggregation of Differential Demand Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(4), pages 799-805.
    • Handle: RePEc:oup:restud:v:58:y:1991:i:4:p:799-805.
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    References listed on IDEAS

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    1. William A. Barnett, 1979. "Theoretical Foundations for the Rotterdam Model," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 46(1), pages 109-130.
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    Cited by:

    1. E.A. Selvanathan, 1987. "The Economic Theory of the Consumer," Economics Discussion / Working Papers 87-05, The University of Western Australia, Department of Economics.
    2. Kenneth W. Clements & Saroja Selvanathan, 1991. "The Economic Determinants Of Alcohol Consumption," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 35(2), pages 209-231, August.
    3. Clements, Kenneth W. & Gao, Grace, 2015. "The Rotterdam demand model half a century on," Economic Modelling, Elsevier, vol. 49(C), pages 91-103.
    4. Kenneth W. Clements & E. A. Selvanathan & Saroja Selvanathan, 1992. "Henri Theil’s Contributions to Demand Analysis," Palgrave Macmillan Books, in: Ronald Bewley & Tran Hoa (ed.), Contributions to Consumer Demand and Econometrics, chapter 5, pages 74-104, Palgrave Macmillan.
    5. Clements, Kenneth W. & Qiang, Ye, 2003. "The Economics of Global Consumption Patterns," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 35(Supplemen), pages 1-17.
    6. Kenneth Clements & Wana Yang & Simon Zheng, 1997. "Is utility additive? The case of alcohol," Applied Economics, Taylor & Francis Journals, vol. 29(9), pages 1163-1167.
    7. Kenneth W Clements & Yihui Lan & Haiyan Liu & Long Vo, 2022. "The Icp, Ppp And Household Expenditure Patterns," Economics Discussion / Working Papers 22-18, The University of Western Australia, Department of Economics.
    8. Kenneth W. Clements & Antony Selvanathan & Saroja Selvanathan, 1996. "Applied Demand Analysis: A Survey," The Economic Record, The Economic Society of Australia, vol. 72(216), pages 63-81, March.
    9. Jon P. Nelson, 1999. "Broadcast Advertising and U.S. Demand for Alcoholic Beverages," Southern Economic Journal, John Wiley & Sons, vol. 65(4), pages 774-790, April.
    10. W. Yang & K.W. Clements & D. Chen, 2000. "A User's Guide to DAP 2000," Economics Discussion / Working Papers 00-02, The University of Western Australia, Department of Economics.
    11. Shashika D. Rathnayaka & Saroja Selvanathan & E. A. Selvanathan, 2021. "Demand for animal‐derived food in selected Asian countries: A system‐wide analysis," Agricultural Economics, International Association of Agricultural Economists, vol. 52(1), pages 97-122, January.
    12. Y. Qiang, 1999. "An Economy-wide Model of Western Australia: The theoretical structure," Economics Discussion / Working Papers 99-06, The University of Western Australia, Department of Economics.

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