Errors-in-variables in demand systems (Q760749)
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Errors-in-variables in demand systems |
scientific article |
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Errors-in-variables in demand systems (English)
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1984
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The rejection of symmetry and other restrictions in demand systems may be due to measurement error in the exogenous variables. It is shown that symmetry conditions can be used to identify and consistently estimate a linear model's parameters when measurement error exist. Several identification rules are derived and estimation of identified models is considered. Results are applied to estimation of the almost ideal demand system for the United Kingdom.
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errors-in-variables
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demand systems
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symmetry conditions
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identification rules
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estimation of identified models
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