PRICE DETERMINATION IN STRUCTURAL MODELS: A COMPARISON OF ALTERNATIVE INVERSE DEMAND SPECIFICATIONS

A theoretical framework is proposed to evaluate price determination behavior of alternative inverse demand specifications of structural models. Price impacts of a wheat model to a supply shock indicated that inverse domestic demand and inverse export demand were inappropriate specifications, while inverse stock demand specification generated credible results.


Issue Date:
Aug 04 1991
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/271156
Language:
English
Total Pages:
23




 Record created 2018-04-11, last modified 2018-04-11

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