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The Linear Demand Function A linear demand function is an algebraic formula for calculating demand curves without having to draw a demand function graph.
Some diminishing demands are linear and decline at a fixed rate. The calculation for a linear demand function is included in the References.
Conventionally, the money demand function is estimated using a regression of the logarithm of money demand on either the interest rate or the logarithm of the interest rate. This equation is presumed ...
This article presents a Monte Carlo evaluation of some alternative estimators for a demand model when the budget constraint is piecewise-linear and the budget set is convex.
Assuming a log-linear demand function, we allow a demand shock of a constant shift as well as a slope change. We show that different quantities identify the demand shock in the two cases. The KN ...
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