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Equicorrelated substitutes and Nasse's extension of the linear expenditure system |
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| Authors: | Henri Theil |
| Affiliation: | University of Chicago, Chicago, IL 60637, USA |
| Abstract: | Nasse's (1970) model can be used to provide an easily implementable approximation of the equicorrelated-substitutes model. The preference independence transformation based on this approximation is also considered. |
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