Non-parametric Methods in Demand Analysis
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چکیده
In the conventional approach to these questions the demand analyst chooses a parametric form for the underlying utility function and derives the associated set of parametric demand functions, which are then fitted to the data using some econometric technique. The resulting parameter estimates can then be tested to see if they conform to the restrictions imposed by the utility maximization model and the special restrictions imposed by various hypotheses concerning functional structure. If the
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