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 - Mar 1978

Keywords

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

ASJC Scopus subject areas

  • Statistics and Probability
  • Statistics, Probability and Uncertainty

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