Suits' Watermelon Model: The Missing Simultaneous Equations Empirical Application

Kenneth Stewart

No 1901, Econometrics Working Papers from Department of Economics, University of Victoria

Abstract: Instructors of econometrics courses sometimes seek an empirical simultaneous equations application that, ideally, (i) goes beyond the two-equation case most often used in textbook examples, (ii) is based on available real-world data that can be used in hands-on exercises, (iii) replicates prominent published results, (iv) can be motivated as being of some historical importance, (v) uses accessible economic theory, and (vi) yields plausible empirical results understandable to students. The seminal but now-forgotten 1955 watermelon study of Daniel Suits is suggested as an empirical application that meets all these criteria.

Keywords: simultaneous equations; empirical application; watermelons (search for similar items in EconPapers)
JEL-codes: C30 C36 Q11 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2019-11-30
New Economics Papers: this item is included in nep-agr
Note: ISSN 1485-6441
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: Suits' Watermelon Model: The Missing Simultaneous Equations Empirical Application (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:vic:vicewp:1901

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