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Verifying a demand system by simulation |
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| Authors: | Henri Theil Renate Finke Mercedes C. Rosalsky |
| Affiliation: | University of Florida, Gainesville, FL 32611, USA |
| Abstract: | An intriguingly small value of the asymptotic standard error of the estimate of the income flexibility inspired us to simulate the demand system. The procedure used should have more general applicability. |
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