Restrictions on autogressive error processes in systems of demand equations

Alternative theoretically based restrictions on autoregressive error processes in systems of demand equations are examined. Scaling, translation, and a utility-based approach suggested by Theil are used to generate restrictions. A study of juice demands suggests that the restrictions examined may be useful for empirical analysis.


Issue Date:
1993
Publication Type:
Report
PURL Identifier:
http://purl.umn.edu/52736
Total Pages:
24
Series Statement:
Research Papers
1993-4




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

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