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THE INVERSE ALMOST IDEAL DEMAND SYSTEM
1991A new demand system, related to the Almost Ideal Demand System (AIDS) of Deaton and Muellbauer, is developed and illustrated. This Inverse AIDS (IAIDS) retains all of the desirable theoretical properties of the AIDS model with the exception of, consistent aggregation.
Eales, James +3 more
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Incorporating demand shifters in the Almost Ideal demand system
Economics Letters, 2001zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Alston, J. M. +2 more
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Some questions concerning dynamic almost ideal demand systems
Applied Economics Letters, 1996A paper by Xepanadeas and Habib, that estimates dynamic demand models, is shown to contain some serious errors. Careful consideration of the adding-up condition is shown to be necessary when using demand systems with autoregressive disturbances. Misspecification testing should be used in all empirical work.
David L. Edgerton, Ghazi Shukur
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The semiflexible almost ideal demand system
European Economic Review, 1998Abstract The concept of a semiflexible functional form is applied to the Almost Ideal (AI) demand system. This yields a demand model that is more parsimonious than standard ones while preserving a degree of flexibility, that satisfies the curvature property of concavity of the underlying expenditure function (at least locally), and that preserves the
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A Globally Flexible, Almost Ideal Demand System
Journal of Business & Economic Statistics, 1987The almost ideal demand system is combined with the Fourier expenditure system. Subject to the assumption that preferences are of the price-independent, generalized-logarithmic class, the resulting demand system has the desirable features of each of its components. Aggregate demand equations are consistent with preferences of a representative consumer,
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Urban fuel demand in Ethiopia: an almost-ideal demand system approach
2011This paper investigates the opportunities for reducing the pressure of urban centers on rural forest areas, using a dataset of 350 urban households in Tigrai in northern Ethiopia. We applied an almostāideal demand system to fuels. The results suggest that reducing the pressure of urban centers on local forests cannot be seen in isolation from broader ...
Zenebe, Gebreegziabher +5 more
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Regularization Methods on Almost Ideal Demand System
SSRN Electronic Journal, 2018Almost Ideal Demand System (AIDS) has a flexible functional form that can first order approximate any sets of demand functions derived from utility maximizing behavior. This flexibility, however, comes with a cost of estimating numerously many parameters, hindering practical use of this model.
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The Almost Ideal and Translog Demand Systems [PDF]
This chapter reviews the specification and application of the Deaton and Muellbauer (1980) Almost Ideal Demand System (AIDS) and the Christensen, Jorgensen, and Lau (1975) tranlog (TL) demand system. In so doing we examine various refinements to these models, including ways of incorporating demographic effects, methods by which curvature conditions can
Holt, Matthew T., Goodwin, Barry K.
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