INCOMPLETE DEMAND SYSTEMS AND SEMILOGARITHMIC DEMAND MODELS

Jeffrey T. LaFrance

doi:10.1111/j.1467-8489.1990.tb00697.x

INCOMPLETE DEMAND SYSTEMS AND SEMILOGARITHMIC DEMAND MODELS

Jeffrey T. LaFrance

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49 Citations (Scopus)

Abstract

The methodology of LaFrance and Hanemann for analysing the structure of incomplete demand systems is applied to models that are linear or logarithmic in quantities, prices and/or income. The structure of each model is presented when the implications of consumer choice theory are satisfied. The usefulness of the approach is illustrated. It is shown that considerable prior information is obtained from the theory of consumer choice when it is applied to this set of functional forms for demand equations. 1990 The Australian Agricultural Economics Society

Original language	English
Pages (from-to)	118-131
Number of pages	14
Journal	Australian Journal of Agricultural Economics
Volume	34
Issue number	2
DOIs	https://doi.org/10.1111/j.1467-8489.1990.tb00697.x
Publication status	Published - 1 Jan 1990
Externally published	Yes

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INCOMPLETE DEMAND SYSTEMS AND SEMILOGARITHMIC DEMAND MODELS

Abstract

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