The Almost Ideal Demand System (AIDS) is a model used in economics to analyze consumer demand for goods and services. It was introduced by economists Angus Deaton and John Muellbauer in 1980. The AIDS model is particularly valued for its flexibility and ability to approximate a wide range of demand systems while maintaining desirable properties such as adding up, homogeneity, and symmetry.

Articles by others on the same topic (0)

There are currently no matching articles.