Title
On the Specification of Multi - Market Disequilibrium Econometric Models
Publisher
Center for Economic Research, Department of Economics, University of Minnesota
Abstract
The specifications of multi-market disequilibrium econometric models are
clouded with different concepts of effective demand. This paper points out
that the specification of such models for econometric analysis can be achieved
from the basic concept of fixed price equilibrium and without the use of the
concepts of effective demand. The specifications of Ito and Gourieroux,
Laffont and Monfort are justified within this framework.
Previously Published Citation
Lee, L., (1984), "On the Specification of Multi - Market Disequilibrium Econometric Models", Discussion Paper No. 209, Center for Economic Research, Department of Economics, University of Minnesota.
Suggested Citation
Lee, Lung-Fei.
(1984).
On the Specification of Multi - Market Disequilibrium Econometric Models.
Center for Economic Research, Department of Economics, University of Minnesota.
Retrieved from the University of Minnesota Digital Conservancy,
https://hdl.handle.net/11299/55432.