Work

Estimating Almost-ideal Demand Systems with Endogenous Regressors

Year: 2015

Type: article

Abstract: In this article, we present the new aidsills command for estimating almost-ideal demand systems and their quadratic extensions. In contrast with Poi's (2012, Stata Journal 12: 433–446) quaids command, which is based on the nonlinear nlsur command, aidsills uses the computationally attractive iterated linear least-squares estimator developed by Blundell and Robin (1999, Journal of Applied Econometrics 14: 209–232). The new command further allows one to account for endogenous prices and total expenditure by using instrumental-variable techniques. Elasticities and their standard errors can be obtained using the aidsills elas postestimation command.

Source: The Stata Journal Promoting communications on statistics and Stata

DOI: 10.1177/1536867x1501500214

Authors: Sébastien Lecocq, Jean-Marc Robin

Institutions: Institut National de Recherche pour l'Agriculture, l'Alimentation et l'Environnement, Alimentation et Sciences Sociales, Institut National de la Recherche Agronomique, Institut d'Etudes Politiques de Paris, University College London

Language: English

Topic: Economics of Agriculture and Food Markets

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: bronze

OpenAlex ID: W1663972120

FWCI: 8.049

Cites: 15

Cited by: 96

Related to: 10