Samuelson´s full duality and the use of directed acyclical graphs

Matthew C. Stockton, Oral Capps and David A. Bessler ()
Additional contact information
Matthew C. Stockton: University of Nebraska-Lincoln, http://www.agecon.unl.edu
Oral Capps : Texas A & M University, http://agecon.tamu.edu/people/faculty/capps-oral.shtml

Journal of Applied Economics, 2008, vol. XI, pages 167-191

Abstract: To date, mixed demand systems have been all but ignored in empirical work. A possible reason for the scarcity of such applications is that one needs to know a priori which prices and quantities are endogenous in the mixed demand system. By using a directed acyclical graph (DAG), causal relationships among price and quantity variables are identified giving rise to a causally identified mixed demand system. A statistical comparison is made of the traditional Rotterdam model, a synthetic demand system, which subsumes the traditional Rotterdam model, and a Rotterdam mixed demand system identified through the use of a DAG. In this analysis, the respective demand systems consist of five products: steak, ground beef, beef roasts, pork, and chicken.

Keywords: directed acyclic graphs; mixed demand systems (search for similar items in EconPapers)
JEL-codes: D11 D12 (search for similar items in EconPapers)

Downloads: (external link)
http://www4.cema.edu ... tockCappsBessl200805 (application/pdf)
Access to full text is restricted to subscribers. Individual articles may be purchased through PayPal.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Access Statistics for this article

Journal of Applied Economics is edited by Germán Coloma and Mariana Conte Grand and Jorge M. Streb

More articles in Journal of Applied Economics from Universidad del CEMA
Contact information at EDIRC.
Series data maintained by Valeria Dowding ().