Tian, Guoqiang and Chipman, John S. (1989): A Class of Dynamic Demand Systems. Published in: Advanced Studies in Theoretical and Applied Econometrics , Vol. 15, (1989): pp. 93116.

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Abstract
This paper derives closedform solutions for the total consumptionexpenditure function (i.e. aggregate consumption function), the savings function and the demand functions from a nonstationary intertemporal utilitymaximization problem under uncertainty for a class of demand systems, including the linear expenditure system (LES) from the KleinRubinSamuelson (KRS) utility function, the generalized linear expenditure systems (GLES) from the CES and Sbranchtree utility functions, the Almost Ideal Demand System (AIDS) from the PIGLOG class of preferences, and the indirect addilog demand system (IADS). We do so by following Hicks’ and Tintner’s method of maximizing a discounted utility function subject to expected constraints rather than the more fashionable method of maximizing an expected discounted utility function subject to stochastic constraints. Furthermore, the preferences are allowed to vary with the time period. Theoretical analyses for these systems are also given in this paper.
Item Type:  MPRA Paper 

Original Title:  A Class of Dynamic Demand Systems 
Language:  English 
Keywords:  Dynamic Demand Systems 
Subjects:  D  Microeconomics > D0  General 
Item ID:  41387 
Depositing User:  Guoqiang Tian 
Date Deposited:  17 Sep 2012 13:35 
Last Modified:  31 Jan 2016 23:46 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/41387 