A note on the efficient estimation of the linear expenditure system

John C. Ham

doi:10.1080/01621459.1978.10480030

A note on the efficient estimation of the linear expenditure system

John C. Ham

Economics

Research output: Contribution to journal › Article › peer-review

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 language	English (US)
Pages (from-to)	208-210
Number of pages	3
Journal	Journal of the American Statistical Association
Volume	73
Issue number	361
DOIs	https://doi.org/10.1080/01621459.1978.10480030
State	Published - 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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10.1080/01621459.1978.10480030

Cite this

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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 = "Ham, {John C.}",

note = "Funding Information: *John C. Ham is Graduate Student, Department of Economics, Princeton University, Princeton, NJ 08540. This work was supported by the Canda Council and a grant to the Princeton University Economics Department from the Sloan Foundation. The author would like to thank Richard E. Quandt for helpful discussions.",

year = "1978",

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doi = "10.1080/01621459.1978.10480030",

language = "English (US)",

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journal = "Journal of the American Statistical Association",

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PY - 1978/3

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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

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JF - Journal of the American Statistical Association

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ER -

A note on the efficient estimation of the linear expenditure system

Abstract

Keywords

ASJC Scopus subject areas

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