Rotterdam model versus almost ideal dema
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William A. Barnett; Ousmane Seck
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Article
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2008
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John Wiley and Sons
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English
β 208 KB
## Abstract The Rotterdam model and the Almost Ideal Demand System (AIDS) are often applied in consumer demand systems modeling. Using Monte Carlo techniques, we determine which model performs best in recovering the true elasticities of demand. The AIDS model is usually used in linearized form. Sin