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A Complete Characterization of the Implications of Slutzky Symmetry for the Linear, Log-Linear, and Semi-Log Incomplete Demand System Models

by Roger H. Von Haefen , Us Bureau of Labor Statistics (Bls)
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Current price ₹1,567.00
Original price ₹1,770.00
Original price ₹1,770.00
Original price ₹1,770.00
(-11%)
₹1,567.00
Current price ₹1,567.00

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Book cover type: Paperback
  • ISBN13: 9781249263715
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Bibliogov
  • Publisher Imprint: Bibliogov
  • Publication Date:
  • Pages: 70
  • Original Price: GBP 13.99
  • Language: English
  • Edition: N/A
  • Item Weight: 141 grams
  • BISAC Subject(s): General

This paper extends previous research by LaFrance [1985, 1986, 1987] by deriving the necessary parameter restrictions for two additional classes of incomplete demand system models to have symmetric Slutzky substitution matrices in a local neighborhood of price and income values. In contrast to LaFrance's previous research, this paper considers models that treat expenditures and expenditure shares as the dependent variables in the specified incomplete demand systems. Along with the eight models considered by LaFrance, the sixteen alternative specifications considered here represent a complete characterization of the implications of Slutzky symmetry for the linear, log-linear, and semi-log incomplete demand system models.

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