The Rotterdam Demand Model Half A Century On
The system-wide approach to demand analysis emphasises the interrelatedness of all n elements of the consumption basket and leads to a set of demand equations characterised by n income elasticities and an n × n matrix of own- and cross-price elasticities. This approach is now used on a routine basis...
| Main Authors: | , |
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| Format: | Journal Article |
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Elsevier BV * North-Holland
2015
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| Online Access: | http://hdl.handle.net/20.500.11937/29923 |