The specification of multi-market disequilibrium econometric models (Q1819523)
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scientific article; zbMATH DE number 3992747
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The specification of multi-market disequilibrium econometric models |
scientific article; zbMATH DE number 3992747 |
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The specification of multi-market disequilibrium econometric models (English)
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1986
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The concept of virtual prices (Neary-Roberts) is applied to the theory of household (firm) behavior under rationing. The derived econometric model is claimed to require computationally simplified estimation. The spillover problem believed to preclude the econometric treatment of the multi-market disequilibrium models (unidentifiability) is suggested to have been solved.
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effective demand
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disequilibrium econometric models
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fix-price equilibrium
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virtual prices
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rationing
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spillover
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multi-market disequilibrium
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