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On the impirical exploitation of consumers' profit functions in static analyses

  • Russel Cooper
  • , Keith R. McLaren
  • , Gary K. K. Wong

    Research output: Contribution to journalArticle

    Abstract

    This paper proposes the empirical exploitation of the consumerââ"šÂ¬Ã¢"žÂ¢s profit function in representing preferences, and specifying estimable yet general demand systems. An empirical application demonstrates the value of this generalisation and the feasibility of the proposed method.
    Original languageEnglish
    JournalEconomics Letters
    Publication statusPublished - 2001

    Keywords

    • consumers
    • demand systems
    • exploitation

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