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Rotterdam system and irish models of consumer demand

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File Type:
PDF
Item Type:
Journal Article
Date:
1980
Author:
Conniffe, D.
Hegarty, A.
Citation:
D. Conniffe, A. Hegarty, 'Rotterdam system and irish models of consumer demand', Economic and Social Research Institute, Economic and Social Review, Vol.11 (Issue 2), 1980, 1980, pp19-32
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Link to the full text item v11n21980_2.pdf  (PDF)  700.7Kb
Abstract:
The form of Rotterdam (ROS) model previously applied to Irish data did not impose all the constraints on parameters suggested by Demand Theory. In this paper a method of estimating the ROS, subject to symmetry and negativity, is outlined and applied to data. The elasticity estimates obtained are compared with those obtained by O'Riordan (1976) for the Linear Expenditure Systems (LES). The substantial differences between LES estimates and "unconstrained" ROS estimates largely vanish when the ROS is subjected to full constraints. The topic of comparisons between alternative systems of demand equations is discussed.
URI:
http://hdl.handle.net/2262/68667
Author: Conniffe, D.; Hegarty, A.
Publisher:
Economic & Social Studies
Type of material:
Journal Article
URI:
http://hdl.handle.net/2262/68667
Collections:
  • The Economic and Social Review, Vol. 11, No. 2, 1980
  • Economic and Social Review Archive: Complete Collection 1969-
Series/Report no:
Economic and Social Review
Vol.11 (Issue 2), 1980
Availability:
Full text available
Keywords:
Rotterdam model, Demand theory
ISSN:
0012-9984
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