Two-Stage Budgeting and Exact Aggregation
作者： Dale W. Jorgenson , Daniel T. Slesnick , Thomas M. Stoker
DOI: 10.1080/07350015.1988.10509668
关键词:
摘要: This paper presents an econometric model of demand for energy based on two-stage budgeting. The provides own-price and cross-price elasticities nonenergy commodities the United States. These are estimated separately households classified by family size, age head, region, race, urban versus rural residence. Price presented conditional total expenditure all commodities. combines individual cross-section data with aggregate time series is exact aggregation over functions.
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