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 ...

Shape invariance is a property of demand functions that is widely used for parametric and semiparametric modeling and is associated with a commonly employed class of equivalence scale models used for ...

The demand function is what the consumer prefers regarding goods and services. Every person has an individual demand for the goods and services available in the market.

The income elasticities for liquid assets are greater than 1 except for the demand deposit income elasticity (0.692757) estimated by the Da Silva method. In Output 20.1.2, Output 20.1.3 and Output ...