Barnett, William A. and Serletis, Apostolos (2008): The Differential Approach to Demand Analysis and the Rotterdam Model.

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Abstract
This paper presents the differential approach to applied demand analysis. The demand systems of this approach are general, having coefficients which are not necessarily constant. We consider the Rotterdam parameterization of differential demand systems and derive the absolute and relative price versions of the Rotterdam model, due to Theil (1965) and Barten (1966). We address estimation issues and point out that, unlike most parametric and seminonparametric demand systems, the Rotterdam model is econometrically regular.
Item Type:  MPRA Paper 

Original Title:  The Differential Approach to Demand Analysis and the Rotterdam Model 
Language:  English 
Keywords:  differential demand systems; theoretical regularity; econometric regularity 
Subjects:  D  Microeconomics > D1  Household Behavior and Family Economics > D12  Consumer Economics: Empirical Analysis C  Mathematical and Quantitative Methods > C5  Econometric Modeling > C52  Model Evaluation, Validation, and Selection E  Macroeconomics and Monetary Economics > E2  Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E21  Consumption; Saving; Wealth 
Item ID:  12319 
Depositing User:  William A. Barnett 
Date Deposited:  22. Dec 2008 06:43 
Last Modified:  12. Feb 2013 08:07 
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URI:  http://mpra.ub.unimuenchen.de/id/eprint/12319 