The Use of Conditional Cost Functions to Generate Estimable Mixed Demand Systems

Abstract

Mixed demand systems have been virtually ignored in empirical work solely because derivation of these systems requires closed forms for both direct and indirect utility functions. This article proposes the alternative of using a conditional cost function to generate empirical mixed demand models. This approach allows the estimation of mixed demand systems, which are explicit in an unobservable variable (utility), but may lack a closed form representation in terms of observable variables such as prices, quantities and expenditure. Results indicate that this approach is operationally feasible, which opens up a wider range of mixed demand specifications in static analyses. Copyright 2007, Oxford University Press.

Comparative Analysis of Market Demand and Individual Demand for Major Fish Species in Korea

“…최근의 많은 연구들이 단,기적으로 어류공급 량이 제약되어 있다고 보고 어류시장의 역수요 모 형 을 제 시 하 고 있 다 . Barten and Bettendorf(1989), Hanemann(1991), Burton(1992), Eales(1994), Eales and Unnevehr(1994), Holt and Goodwin(1997), Kim(1997), Holt(2002), Park(2004), Wong and McLaren(2005), Wong and Park(2007) 등과 국내적으로 고성보(2004), 사공 용(2006), 박환재(2009, 2010) 2) Kastens and Brester(1996)…”