On the empirical exploitation of consumers' profit functions in static analyses

Russel J. Cooper; Keith R. McLaren; Gary K.K. Wong

doi:10.1016/S0165-1765(01)00435-9

On the empirical exploitation of consumers' profit functions in static analyses

Russel J. Cooper, Keith R. McLaren, Gary K.K. Wong

Econometrics & Business Statistics

Research output: Contribution to journal › Article › Research › peer-review

5 Citations (Scopus)

Abstract

This paper proposes the empirical exploitation of the consumer's profit function in representing preferences, and specifying estimable yet general demand systems. An empirical application demonstrates the value of this generalisation and the feasibility of the proposed method.

Original language	English
Pages (from-to)	181-187
Number of pages	7
Journal	Economics Letters
Volume	72
Issue number	2
DOIs	https://doi.org/10.1016/S0165-1765(01)00435-9
Publication status	Published - Aug 2001

Keywords

Consumers' profit functions
D11
D12
Demand systems

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10.1016/S0165-1765(01)00435-9

Cite this

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title = "On the empirical exploitation of consumers' profit functions in static analyses",

abstract = "This paper proposes the empirical exploitation of the consumer's profit function in representing preferences, and specifying estimable yet general demand systems. An empirical application demonstrates the value of this generalisation and the feasibility of the proposed method.",

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KW - Demand systems

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On the empirical exploitation of consumers' profit functions in static analyses

Abstract

Keywords

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