Almost ideal demand system
id:
almost-ideal-demand-system-244-13214612
title:
Almost ideal demand system
text:
The Almost Ideal Demand System (AIDS) is a consumer demand model used primarily by economists to study consumer behavior. The AIDS model gives an arbitrary second-order approximation to any demand system and has many desirable qualities of demand systems. For instance it satisfies the axioms of order, aggregates over consumers without invoking parallel linear Engel curves, is consistent with budget constraints, and is simple to estimate.
brand slug:
wiki
category slug:
encyclopedia
description:
Consumer demand model
original url:
https://en.wikipedia.org/wiki/Almost_ideal_demand_system
date created:
date modified:
2023-06-02T00:26:44Z
main entity:
{"identifier":"Q4734001","url":"https://www.wikidata.org/entity/Q4734001"}
image:
fields total:
13
integrity:
14