A note on the efficient estimation of the linear expenditure system

Research output: Contribution to journalArticle

Abstract

An efficient method of estimating the linear expenditure system (LES) by maximum likelihood is introduced. A test for insuring that parameter estimates obtained by numerical maximization satisfy the first-order conditions is given. In some experiments the new method of estimating the LES is compared to the more conventional method of estimation and is found to use significantly less computer time than the conventional method.

Original languageEnglish (US)
Pages (from-to)208-210
Number of pages3
JournalJournal of the American Statistical Association
Volume73
Issue number361
DOIs
StatePublished - Jan 1 1978

Fingerprint

Efficient Estimation
Linear Systems
Order Conditions
Maximum Likelihood
First-order
Efficient estimation
Expenditure
Estimate
Experiment

Keywords

  • Commodity demand
  • Labor supply
  • Linear expenditure system
  • Maximum likelihood estimation

ASJC Scopus subject areas

  • Statistics and Probability
  • Statistics, Probability and Uncertainty

Cite this

A note on the efficient estimation of the linear expenditure system. / Ham, John.

In: Journal of the American Statistical Association, Vol. 73, No. 361, 01.01.1978, p. 208-210.

Research output: Contribution to journalArticle

@article{26de7fecdedc4cddad9163c5264bb1af,
title = "A note on the efficient estimation of the linear expenditure system",
abstract = "An efficient method of estimating the linear expenditure system (LES) by maximum likelihood is introduced. A test for insuring that parameter estimates obtained by numerical maximization satisfy the first-order conditions is given. In some experiments the new method of estimating the LES is compared to the more conventional method of estimation and is found to use significantly less computer time than the conventional method.",
keywords = "Commodity demand, Labor supply, Linear expenditure system, Maximum likelihood estimation",
author = "John Ham",
year = "1978",
month = "1",
day = "1",
doi = "10.1080/01621459.1978.10480030",
language = "English (US)",
volume = "73",
pages = "208--210",
journal = "Journal of the American Statistical Association",
issn = "0162-1459",
publisher = "Taylor and Francis Ltd.",
number = "361",

}

TY - JOUR

T1 - A note on the efficient estimation of the linear expenditure system

AU - Ham, John

PY - 1978/1/1

Y1 - 1978/1/1

N2 - An efficient method of estimating the linear expenditure system (LES) by maximum likelihood is introduced. A test for insuring that parameter estimates obtained by numerical maximization satisfy the first-order conditions is given. In some experiments the new method of estimating the LES is compared to the more conventional method of estimation and is found to use significantly less computer time than the conventional method.

AB - An efficient method of estimating the linear expenditure system (LES) by maximum likelihood is introduced. A test for insuring that parameter estimates obtained by numerical maximization satisfy the first-order conditions is given. In some experiments the new method of estimating the LES is compared to the more conventional method of estimation and is found to use significantly less computer time than the conventional method.

KW - Commodity demand

KW - Labor supply

KW - Linear expenditure system

KW - Maximum likelihood estimation

UR - http://www.scopus.com/inward/record.url?scp=84918422282&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84918422282&partnerID=8YFLogxK

U2 - 10.1080/01621459.1978.10480030

DO - 10.1080/01621459.1978.10480030

M3 - Article

VL - 73

SP - 208

EP - 210

JO - Journal of the American Statistical Association

JF - Journal of the American Statistical Association

SN - 0162-1459

IS - 361

ER -