Article1994

Model Choice in Consumer Analysis: Taiwan, 1970–89

Jonq‐Ying Lee · Mark G. Brown · James L. Seale

64 citations0/0 files storedAmerican Journal of Agricultural Economics

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Economics of Agriculture and Food Markets Consumer Market Behavior and Pricing Energy, Environment, and Transportation Policies

Abstract

Abstract 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.

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References

1980An Almost Ideal Demand System 1990Elasticities in AIDS Models 1992The Information Approach to Demand Analysis 1987Applied demand analysis : results from system-wide approaches 1985Differential consumer demand systems 1993The Silence of the Lambdas: A Test of the Almost Ideal and Rotterdam Models 2022Allocation models : specification, estimation and applications 1985Homogeneity and endogeneity in systems of demand equations

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