A DYNAMIC DIFFERENTIAL DEMAND SYSTEM: AN APPLICATION OF TRANSLATION

The differential demand system or Rotterdam model is extended to include lagged consumption through translation parameters, allowing habit and inventory effects. Applications of the model to annual U.S. expenditure and weekly juice sales data illustrate the importance of the time interval of an observation on the relative strengths of the habit inventory.


Issue Date:
1992-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/29646
Published in:
Southern Journal of Agricultural Economics, Volume 24, Number 2
Page range:
1-10
Total Pages:
10




 Record created 2017-04-01, last modified 2017-08-24

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