Economic Projection with Non-homothetic Preferences: The Performance and Application of a CDE Demand System
In computable general equilibrium modeling, whether the simulation results are consistent to a set of valid own-price and income demand elasticities that are observed empirically remains a key challenge in many modeling exercises. To address this issue, the Constant Difference of Elasticities (CDE)...
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| Format: | Working Paper |
| Language: | en_US |
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MIT Joint Program on the Science and Policy of Global Change
2017
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| Online Access: | http://hdl.handle.net/1721.1/111807 |