论文检索

关于“相互依赖作为模型设定误差”的札记AI 解读

In an earlier paper on "Interdependence as a Specification Error," Strotz has considered a recursive model with endogenous variables lagged by θ; letting θ go to 0, he argued that the likelihood function of the limit form of the model differed from the limit form of the likelihood function of the model. We show here that the two limits are obtained under different underlying assumptions; these alternative assumptions are brought out explicitly; under fixed assumptions, the…

摘要暂缺

摘要暂缺

效用树的经验含义AI 解读

The hypothesis considered is that the utility function can be written as U U[VA (qai , * **, qX**, VM(q?1 , , q.,)], where the V's are utility functions depending on quantities of different commodities assigned to different branches (e.g., food, clothing). This hypothesis implies certain empirically meaningful and interesting conditions on the price coefficients of the demand functions. These conditions are, however, not subjected here to statistical test. A price index…