The present study takes consumer preferences as the primitive and a most general formulation of a linear demand system as the desideratum. To investigate how the two are related, I take a novel ...
This article presents a Monte Carlo evaluation of some alternative estimators for a demand model when the budget constraint is piecewise-linear and the budget set is convex. We examine the performance ...
A linear demand curve is a line representing the relationship between the demand for a product or service and its price. Everyone knows that sales are proportional to price: The more you charge for an ...
Abstract: The problem of cross-subsidy in my country's electricity prices is particularly prominent and needs to be solved urgently in terms of fairness and economic efficiency. Reasonable tiered ...
Total factor productivity (TFP) is considered as a good measure of productivity. However, empirical TFP, often calculated from ordinary least squares (OLS) residuals from production function estimates ...
1 Center for Informatics and Statistics, Ministry of Agriculture and Rural Development, Hanoi, Vietnam. 2 School of Economics, the University of Queensland, Brisbane, Australia. 3 School of Economics, ...
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