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On the Specification of Multi - Market Disequilibrium Econometric Models
Lee, Lung-Fei (Center for Economic Research, Department of Economics, University of Minnesota, 1984)
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http://hdl.handle.net/11299/55432
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Title
On the Specification of Multi - Market Disequilibrium Econometric Models
Authors
Issue Date
1984-11
Publisher
Center for Economic Research, Department of Economics, University of Minnesota
Type
Working Paper
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.
Appears in collections
Center for Economic Research Discussion Papers [323]
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.
Series/Report Number
Discussion Paper
209
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, http://hdl.handle.net/11299/55432.
Content distributed via the University of Minnesota's Digital Conservancy may be subject to additional license and use restrictions applied by the depositor.