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[The Bias in Price Elasticity Estimates under Homothetic Separability: Implications for Analysis of Peak-Load Electricity Pricing]: Discussion

位似可分性下价格弹性估计的偏误:对电力高峰负荷定价分析的含义——讨论

Richard W. Parks, [The Bias in Price Elasticity Estimates under Homothetic Separability: Implications for Analysis of Peak-Load Electricity Pricing]: Discussion, Journal of Business & Economic Statistics, Vol. 1, No. 3 (Jul., 1983), pp. 221-225

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Maximum Likelihood Estimation of the Linear Expenditure System

线性支出系统的最大似然估计

The linear expenditure system provides a convenient model for representing consumer response to prices and income. The parameters of the model enter nonlinearly and standard estimation procedures lack desirable properties. This note discusses the problems with existing techniques and derives the maximum-likelihood estimators. The linear expenditure system (LES) was proposed and applied by Stone [7, 8], and it has found further application in [9], [2], and [4]. Aspects of the…

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Maximum Likelihood Estimation of the Linear Expenditure System

线性支出系统的最大似然估计

The linear expenditure system provides a convenient model for representing consumer response to prices and income. The parameters of the model enter nonlinearly and standard estimation procedures lack desirable properties. This note discusses the problems with existing techniques and derives the maximum-likelihood estimators. The linear expenditure system (LES) was proposed and applied by Stone [7, 8], and it has found further application in [9], [2], and [4]. Aspects of the…

AI 解读阅读原文 ↗BibTeX ↓