A Note on Elasticity Estimation of Censored Demand
Permanent Link(s)
Collections
Author
Dong, Diansheng
Kaiser, Harry M.
Abstract
Estimating censored demand systems using micro-level data has become more pervasive in recent years. However, not enough attention has been paid to the evaluation of the elasticities from the censored systems, and the existent methods used in literatures are usually incorrect. This note proposes a practical procedure on how to obtain the elasticities from a censored AIDS model. JEL Classification: C34
Description
R.B. 2003-09
Date Issued
2003-10
Publisher
Charles H. Dyson School of Applied Economics and Management, Cornell University
Keywords
Type
report