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1994•American Journal of Agricultural EconomicsRequires access

Model Choice in Consumer Analysis: Taiwan, 1970–89

Jonq‐Ying Lee, Mark G. Brown, James L. Seale

Open publisher page 67 citations

Abstract

Abstract Expenditure data were used to study how income and prices influenced consumer demand in Taiwan during the last decade. Alternative differential demand models combining the features of the Rotterdam model and the Almost Ideal Demand System (AIDS) were tested. AIDS‐type demand responses describe Taiwanese consumer behavior better than do the other specifications.

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Abstract Expenditure data were used to study how income and prices influenced consumer demand in Taiwan during the last decade. Alternative differential demand models combining the features of the Rotterdam model and the Almost Ideal Demand System (AIDS) were tested. AIDS‐type demand responses describe Taiwanese consumer behavior better than do the other specifications.

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Available abstract

Abstract Expenditure data were used to study how income and prices influenced consumer demand in Taiwan during the last decade. Alternative differential demand models combining the features of the Rotterdam model and the Almost Ideal Demand System (AIDS) were tested. AIDS‐type demand responses describe Taiwanese consumer behavior better than do the other specifications.

Key concepts: Almost ideal demand system, Consumer demand, Economics, Differential (mechanical device), Consumer behaviour, Consumer choice, Consumer Expenditure Survey, Microeconomics

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