Maximum Likelihood Estimation of the Linear Expenditure System
作者:
RichardW. Parks,
期刊:
Journal of the American Statistical Association
(Taylor Available online 1971)
卷期:
Volume 66,
issue 336
页码: 900-903
ISSN:0162-1459
年代: 1971
DOI:10.1080/01621459.1971.10482368
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
The linear expenditure system provides a convenient model for representing consumer response to prices and income. The parameters of the model enter nonlinearly and standard estimation procedures lack desirable properties. This note discusses the problems with existing techniques and derives the maximum-likelihood estimators. The linear expenditure system (LES) was proposed and applied by Stone [7, 8], and it has found further application in [9], [2], and [4]. Aspects of the estimation of the LES are also discussed in [3].
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