On Market Equilibrium Analysis

Jean-Paul Chavas () and Thomas L. Cox

American Journal of Agricultural Economics, 1997, vol. 79, issue 2, 500-513

Abstract: In this paper we develop the implications of competitive market equilibrium for production and household behavior when some prices are endogenously determined. The properties of market equilibrium functions are explored, including the effects of pricing policy. A Slutsky-type equation relating compensated and uncompensated market equilibrium functions is derived. Implications for multimarket welfare analysis are presented, focusing on the effects of pricing policy and technical change. Copyright 1997, Oxford University Press.

Date: 1997
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Working Paper: ON MARKET EQUILIBRIUM ANALYSIS (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:79:y:1997:i:2:p:500-513

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