Abstract
The preference functions for seven Dutch political parties as established by Merkies and Nijman (1980) were not robust. In this paper we will show how more robustness can be obtained by using quadratic preference functions together with the optimal values of the variables, provided by the parties themselves. The crucial technique is that of mixed regression, see Theil — Goldberger (1961).
The authors thank O. Cornielje for computer assistance.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Chossudovsky, M. (1974), Do-political parties have Utility functions? Economie Appliquée 27, 1974, pp. 601–614.
Cramèr, H. (1946), Mathematical methods of statistics, Princeton, Princeton University Press.
Van Daal, J. and A.H.Q.M. Merkies (1981), On aggregation of economic relationships, forthcoming. Martinus Nijhoff Publishing, Boston.
Johanson, Leif (1974), Establishing preference functions for macro-economic decision models (Some observations on Ragnar Frisch’s contributions), European Economic Review 5, 1974, pp. 41–66.
Merkies, A.H.Q.M. and T.E. Nijman (1980), Preference functions of Dutch political parties, Research paper no. 50, Interfaculteit der Actuarièle Wetenschappen en Econometrie, Vrije Universiteit, Amsterdam. To appear in Economie Appliquée.
Merkies, A.H.Q.M. and A.J. Vermaat (1980), Preferentiefuncties van een aantal politieke partijen en maatschappelijke organisaties, Research paper no. 53, Interfaculteit der Actuariéle Wetenschappen en Econometrie, Vrije Universiteit, Amsterdam.
Merkies, A.H.Q.M. and A.J. Vermaat (1981), De onmacht van een kabinet. Een empirisch onderzoek naar sociaal-economische preferentiefunctiés en hun gebruik als welvaartsindikator, Maandschrift Economie, maart 1981.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1983 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Merkies, A.H.Q.M., Nijman, T.E. (1983). The Measurement of Quadratic Preference Functions with Small Samples. In: Gruber, J. (eds) Econometric Decision Models. Lecture Notes in Economics and Mathematical Systems, vol 208. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46464-5_15
Download citation
DOI: https://doi.org/10.1007/978-3-642-46464-5_15
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-11554-0
Online ISBN: 978-3-642-46464-5
eBook Packages: Springer Book Archive