Asymmetric demand responses: a demand system approach

Asymmetry is introduced into the Rotterdam model by allowing the income response to depend on whether real income increases or decreases. Price responses, in turn, are asymmetric through the general and specific substitution terms. Analysis of data on food and three other broadly defined goods suggests presence of asymmetry.


Issue Date:
1991
Publication Type:
Report
PURL Identifier:
http://purl.umn.edu/52719
Total Pages:
17
Series Statement:
Research Papers
1991-6




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

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