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Criteria For Model Specification Of Demand Systems

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  • Capps, Oral Jr.
  • Havlicek, Joseph Jr.

Abstract

Four general principles are formulated as criteria for model specification of demand systems. The concepts shed light on systems credibility, validation, strengths, and weaknesses. The principles are used to judge the empirical performance of the S 1 -branch system.

Suggested Citation

  • Capps, Oral Jr. & Havlicek, Joseph Jr., 1981. "Criteria For Model Specification Of Demand Systems," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279294, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279294
    DOI: 10.22004/ag.econ.279294
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    File URL: https://ageconsearch.umn.edu/record/279294/files/aaea-1981-055.pdf
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    References listed on IDEAS

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    1. BARTEN, Anton P., 1977. "The systems of consumer demand functions approach: A review," LIDAM Reprints CORE 284, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Parks, Richard W, 1969. "Systems of Demand Equations: An Empirical Comparison of Alternative Functional Forms," Econometrica, Econometric Society, vol. 37(4), pages 629-650, October.
    3. George, P.S. & King, Gordon A., 1971. "Consumer Demand for Food Commodities in the United States with Projections for 1980," Monographs, University of California, Davis, Giannini Foundation, number 11936, December.
    4. Barten, Anton P, 1977. "The Systems of Consumer Demand Functions Approach: A Review," Econometrica, Econometric Society, vol. 45(1), pages 23-51, January.
    5. H. Theil & Robert H. Mnookin, 1966. "The Information Value of Demand Equations and Predictions," Journal of Political Economy, University of Chicago Press, vol. 74(1), pages 34-45.
    6. Blackorby, Charles & Boyce, Richard & Russell, R Robert, 1978. "Estimation of Demand Systems Generated by the Gorman Polar Form: A Generalization of the S-Branch Utility Tree," Econometrica, Econometric Society, vol. 46(2), pages 345-363, March.
    7. Brown, Murray & Heien, Dale M, 1972. "The S-Branch Utility Tree: A Generalization of the Linear Expenditure System," Econometrica, Econometric Society, vol. 40(4), pages 737-747, July.
    8. Richard Green & Zuhair A. Hassan & S. R. Johnson, 1978. "Alternative Estimates of Static and Dynamic Demand Systems for Canada," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(1), pages 93-107.
    9. Constantino Lluch & R. Williams, 1975. "Consumer Demand Systems and Aggregate Consumption in the US: An Application of the Extended Linear Expenditure System," Canadian Journal of Economics, Canadian Economics Association, vol. 8(1), pages 49-66, February.
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    Cited by:

    1. Barewal, S. & Goddard, D., 1985. "The Parameters of Consumer Food Demand in Canada," Working Papers 243862, Agriculture and Agri-Food Canada.

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    Keywords

    Consumer/Household Economics;

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