Imposing local curvature in the QUAIDS

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 115
Issue: 1
Pages: 41-43

Authors (2)

Chang, Dongfeng (not in RePEc) Serletis, Apostolos (University of Calgary)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper, we build on Ryan and Wales (1998), Moschini (1999), and Serletis and Shahmoradi (2007) and impose curvature conditions locally on the quadratic Almost Ideal Demand System (AIDS) model of Banks et al. (1997), an extension of the simple AIDS model of Deaton and Muellbauer (1980) that can generate quadratic Engel curves [that is, rank-three demand systems, in the terminology of Lewbel (1991)]. In doing so, we exploit the Slutsky matrix of second order derivatives of the indirect utility function.

Technical Details

RePEc Handle
repec:eee:ecolet:v:115:y:2012:i:1:p:41-43
Journal Field
General
Author Count
2
Added to Database
2026-01-25