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Two-Stage Budgeting and Exact Aggregation

โœ Scribed by Dale W. Jorgenson, Daniel T. Slesnick and Thomas M. Stoker


Book ID
124697379
Publisher
American Statistical Association
Year
1988
Tongue
English
Weight
380 KB
Volume
6
Category
Article
ISSN
0735-0015

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Two-stage budgeting as an economic decision-making process for consumers is illustrated by its application to new data. After showing that the Spanish observed behaviour is consistent with utility maximization, we estimate, for each stage, the elasticities of a dynamic AIDS model, which allow us to