A Demand System Rank Theorem

Econometrica ◽  
1989 ◽  
Vol 57 (3) ◽  
pp. 701 ◽  
Keyword(s):  
Demand System ◽  
Rank Theorem

scholarly journals On the Microfoundation of Linear Oligopoly Demand

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Iwan Bos ◽  
Dries Vermeulen
Keyword(s):  
Utility Function ◽  
Aggregate Demand ◽  
Demand System ◽  
Representative Consumer ◽  
Aggregate Utility

AbstractWe critically assess the representative consumer with quadratic aggregate utility function which forms the foundation of a well-known class of linear oligopoly demand structures. It is argued that this approach is problematic and redundant. Regarding the latter, we show how the same demand system can be derived directly from a population of heterogeneous buyers for any number of products. Welfare analyses based on aggregate demand is shown to be sensitive to the underlying microfoundation.

The evaluation of a time-sharing page demand system

1971 ◽  
Author(s):  
Juan Rodriguez-Rosell ◽  
Jean-Pierre Dupuy
Keyword(s):  
Demand System ◽  
Time Sharing

scholarly journals U.S. Consumer Demand for Plant-Based Milk Alternative Beverages: Hedonic Metric Augmented Barten’s Synthetic Model

Foods ◽  
2021 ◽  
Vol 10 (2) ◽  
pp. 265
Author(s):  
Tingyi Yang ◽  
Senarath Dharmasena
Keyword(s):  
Hedonic Pricing ◽  
Demand System ◽  
Soy Milk ◽  
Purchasing Behavior ◽  
New Approach ◽  
Hedonic Pricing Model ◽  
Inelastic Demand ◽  
Demand System Estimation ◽  
Nutritional Data ◽  
Conventional Milk

Consumers in the U.S. increasingly prefer plant-based milk alternative beverages (abbreviated “plant milk”) to conventional milk. This study is motivated by the need to take into consideration varied nutritional and qualitative attributes in plant milk to examine consumers’ purchasing behavior and estimate demand elasticities which are achieved by a new approach combing hedonic pricing model with Barten’s synthetic demand system. The method of estimation is enlightened from the common practice of companies differentiating their products in multidimensions in terms of attributes. A research dataset was uniquely created by associating the products’ purchase data from Nielsen Homescan dataset with exclusive first-hand nutritional data. Estimations began with creating a multidimensional hedonic attribute space based on the qualitative information of different types of plant milk and conventional milk available to consumers and then calculating the hedonic distances by Euclidean distance measurement to reparametrize Barten’s synthetic demand system. Estimation results showed that the highest own-price elasticity pertained to soy milk which was −0.25. Three plant milk types had inelastic demand. Soy milk exerted substituting effects on all types of conventional milk products and vice versa. Soy milk, rice milk and almond milk entertained complementary relationships between each other and four types of conventional milk were strong substitutes within the group.

Towards Peer-assisted Video on Demand System: Building Helpful Overlays

2016 ◽  
Vol 14 (6) ◽  
pp. 3011-3016
Author(s):  
Cesar Augusto Viana Melo ◽  
Jhonathan Araujo Oliveira ◽  
Gustavo Bittencourt Figueiredo
Keyword(s):  
Video On Demand ◽  
Demand System ◽  
On Demand ◽  
System Building

An Almost Ideal Demand System Analysis of Fresh Fish in Semarang, Indonesia

1994 ◽  
Vol 6 (3) ◽  
pp. 19-28 ◽  
Author(s):  
Nik Mustapha R. Abdullah ◽  
Roslan A. Ghaffar ◽  
Dwisetia Poerwono
Keyword(s):  
System Analysis ◽  
Demand System ◽  
Almost Ideal Demand System ◽  
Fresh Fish

scholarly journals Meat Demand in South Korea: An Application of the Restricted Source-Differentiated Almost Ideal Demand System Model

2007 ◽  
Vol 39 (1) ◽  
pp. 47-60 ◽  
Author(s):  
Shida Rastegari Henneberry ◽  
Seong-huyk Hwang
Keyword(s):  
United States ◽  
South Korea ◽  
The United States ◽  
System Model ◽  
Demand System ◽  
Almost Ideal Demand System ◽  
The South ◽  
Meat Demand ◽  
South Korean ◽  
Meat Market

The first difference version of the restricted source-differentiated almost ideal demand system is used to estimate South Korean meat demand. The results of this study indicate that the United States has the most to gain from an increase in the size of the South Korean imported meat market in terms of its beef exports, while South Korea has the most to gain from this expansion in the pork market. Moreover, the results indicate that the United States has a competitive advantage to Australia in the South Korean beef market. Results of this study have implications for U.S. meat exports in this ever-changing policy environment.

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