Theoretical restrictions on the parameters of the indirect addilog system revisited
2006-05-11
Research Paper
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The correct parameter restrictions- less restrictive than commonly thought-of the indirect addilog system (IAS) are derived. Under correct restrictions, the IAS is superior to the linear expenditure system in computable general equilibrium models with data scarcity.
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Automatically Extracted Terms
- restriction
- parameter
- price
- utility function
- utility
- parameter restrictions
- function
- demand
- expenditure
- c / pi
- commodity
- somermeyer
- proof
- p -21
- murty
- model
- quasi-convex
- erasmus university rotterdam
- -21
- addilog system
