A two-step procedure for estimating linear simultaneous equations with unit roots
Article Abstract:
An analysis describing a two-step procedure for measuring linear simultaneous structural equations is presented. The analysis integrates the procedure of setting differences for univariate time series. It is shown that the method yields the number of unit roots and stationary canonical variables. The stationary canonical variables are then retained to estimate a stationary model by applying standard methods.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1993
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A simultaneous equations model of coffee brand pricing and advertising
Article Abstract:
The theory that General Foods Corp priced its Maxwell House coffee higher in areas where it had a bigger market share is analyzed. The correlation between a differentiated brand's price and market share is ascribed to the Retailer Demand Theory, that explains retailers' acceptance of a lower markup for brands considered special.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1992
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Estimating electricity demand: the cost of linearising the budget constraint
Article Abstract:
Elasticity estimates under a rising block pricing scheme of electricity demand in Medellin, Colombia are presented. The generalized Heckman method due to Vella (1990), which reveals similar results, supports the accuracy of the estimates made.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1992
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