Published October 16, 2017
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Methods of Estimation for Models of Markets with Bounded Price Variation
- Creators
- Maddala, G. S.
Abstract
The paper describes methods of estimation for models of markets with controlled prices. Many practical situations involving disequilibrium are due to price ceilings or price floors or both and thus fall.in the category of the models described here. The paper also distinguishes between "rationing models" where the short side of the market prevails, and "trading models" where no trading takes place if there is excess demand or excess supply.
Additional Information
Financial support from the National Science Foundation under grant SOC78-09473 is gratefully acknowledged. Published as Maddala, G. S. "Methods of estimation for models of markets with bounded price variation." International Economic Review (1983): 361-378.Attached Files
Submitted - sswp296.pdf
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sswp296.pdf
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Additional details
- Eprint ID
- 82350
- Resolver ID
- CaltechAUTHORS:20171013-152035345
- SOC78-09473
- NSF
- Created
-
2017-10-16Created from EPrint's datestamp field
- Updated
-
2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 296