ON THE ESTIMATION OF SEPARABLE DEMAND MODELS
By: Edgerton, David L.
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Citation
Edgerton, David L., ON THE ESTIMATION OF SEPARABLE DEMAND MODELS, Journal of Agricultural and Resource Economics, Volume 18, Issue 2, December 1993, Pages 141-146
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Abstract
Alternative stochastic specification of conditional demand models are considered. The results of LaFrance concerning the inconsistency of least squares are supported, but the class of models that allow standard instrumental variable estimation is broadened considerably.