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Excerpt from Nonlinear Three Stage Least Squares Pooling of Cross Section and Average Time Series DataThe purpose of this paper is to discuss the estimation of exact aggregation models by the nonlinear three stage least squares method (nlbsls) of Amemiya Gallant Gallant and Jorgenson Jorgenson and Laffont (1974) and others. In exact aggregation models there is a unique correspondence between individual behavior and aggregate behavior. This pro...

This volume presents a new approach to econometric modeling of aggregateconsumer behavior. The approach has successfully extricated demand modeling from thehighly restrictive framework provided for more than half a century by the model of arepresentative consumer. Like the representative consumer model that preceded it, the new approach rests on the theory of individual behavior. The centerpiece of thevolume is an econometric model of demand o...

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A presentation of the cost-of-capital approach for analyzing the economic impact of tax policy.

Excerpt from Nonlinear Three Stage Least Squares Pooling of Cross Section and Average Time Series Data The purpose of this paper is to discuss the estimation of exact aggregation models by the nonlinear three stage least squares method (nlbsls) of Amemiya Gallant Gallant and Jorgenson Jorgenson and Laffont (1974) and others. In exact aggregation models there is a unique correspondence between individual behavior and aggregate behavior. This p...