A QUADRATIC INVERSE DEMAND SYSTEM
Daniele Moro and
Paolo Sckokai ()
No 21560, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
We derive a (quadratic) inverse demand system (IQUAIDS), that generalizes the (almost ideal) inverse demand system. We discuss how the assumptions of separability and concavity can be simultaneously accommodated within the model, thus giving a (locally) separable and concave quadratic demand system. An empirical application is provided for illustrative purposes.
Keywords: Research; Methods/; Statistical; Methods (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea99:21560
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