THE CALIBRATION OF INCOMPLETE DEMAND SYSTEMS IN QUANTITATIVE ANALYSIS

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dc.creatorBeghin, John C.
dc.creatorBureau, Jean-Christophe
dc.creatorDrogue, Sophie
dc.date2017-04-01T13:55:52Z
dc.date.accessioned2026-07-09T03:24:21Z
dc.descriptionWe introduce an easily implemented and flexible calibration technique for partial demand systems, combining recent developments in incomplete demand systems and a set of restrictions conditioned on the available elasticity estimates. The technique accommodates various degrees of knowledge on cross-price elasticities, satisfies curvature restrictions, and allows the recovery of an exact welfare measure for policy analysis. The technique is illustrated with a partial demand system for food consumption in Korea for different states of knowledge on cross-price effects. The consumer welfare impact of food and agricultural trade liberalization is measured.
dc.identifierdoi:10.22004/ag.econ.18462
dc.identifierhttps://ageconsearch.umn.edu/record/18462/files/wp030324.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/18462
dc.identifier.urihttp://hdl.handle.net/123456789/531995
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/18462
dc.titleTHE CALIBRATION OF INCOMPLETE DEMAND SYSTEMS IN QUANTITATIVE ANALYSIS
dc.typeText

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