Browsing The Economic and Social Review, Vol. 34, No. 1, Spring, 2003 by Subject "Demand"

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    • Does the stochastic specification of the linear expenditure system matter? 

      Conniffe, Denis; Eakins, John (Economic & Social Studies, Dublin, 2003)
      When ?income? in a system of demand equations is defined as total expenditure, actual expenditure on any commodity must lie between zero and income, or equivalently, budget shares must lie between zero and one. But models ...