An Almost Ideal Demand System Incorporating Habits: An Analysis of Expenditures on Food and Aggregate Commodity Groups

The Almost Ideal Demand System (AIDS) developed by Deaton and Muellbauer (1980) is extended by explicitly including habit effects. The stochastic specifications and the estimation procedures are discussed. The static and dynamic models are estimated for 11 aggregate commodity and 4 food commodity cl...

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Veröffentlicht in:	The review of economics and statistics 1983-08, Vol.65 (3), p.511-515
Hauptverfasser:	Blanciforti, Laura, Green, Richard
Format:	Artikel
Sprache:	eng
Schlagworte:	Autocorrelation Commodities Consumer behavior Consumption Demand Dynamic modeling Economic theory Elasticity of demand Food demand Food economics Income estimates Meats Pattern Price elasticity Static modeling Statistical analysis Stochastic models Studies
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