The stochastic specification of demand share equations: Restricting budget shares to the unit simplex

DOI10.1016/S0304-4076(95)01727-5zbMath0861.62081OpenAlexW2016141609WikidataQ128017446 ScholiaQ128017446MaRDI QIDQ1126486

Keith R. McLaren, Tim R. L. Fry, Jane M. Fry

Publication date: 24 April 1997

Published in: Journal of Econometrics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0304-4076(95)01727-5

zbMATH Keywords

multivariate normalitysimplexDirichlet distributioncompositional data analysisadditive logistic normaldemand share equationssystems of share equations

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Economic time series analysis (91B84)

Related Items (5)

Multivariate fractional regression estimation of econometric share models ⋮ Stochastic sensitivity analysis of concentration measures ⋮ The stochastic specification of demand share equations: Restricting budget shares to the unit simplex ⋮ Parsimonious autocorrelation corrections for singular demand systems ⋮ Regression Analysis of Multivariate Fractional Data

Cites Work

• Unnamed Item
• Stochastic specification and the estimation of share equations
• The stochastic specification of demand share equations: Restricting budget shares to the unit simplex
• The Random Utility Hypothesis and Inference in Demand Systems

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