On the empirical exploitation of consumers' profit functions in static analyses

Russel J. Cooper, Keith R. McLaren, Gary K. K. Wong

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

This paper proposes the empirical exploitation of the consumer’s profit function in representing preferences, and specifying estimable yet general demand systems. An empirical application demonstrates the value of this generalisation and the feasibility of the proposed method.
Original languageEnglish
Pages (from-to)181-187
Number of pages7
JournalEconomics letters
Volume72
Issue number2
DOIs
Publication statusPublished - 2001
Externally publishedYes

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Keywords

  • consumers’ profit functions
  • demand systems

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