A LINEAR INVERSE DEMAND SYSTEM

We present an inverse demand that can be estimated in a linear form. The model is derived from a specification of the distance function which is parametrically similar to the cost function underlying the Almost Ideal Demand System. Simulation results suggest that this linear inverse demand system has good approximation properties.


Issue Date:
1992-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/30954
Published in:
Journal of Agricultural and Resource Economics, Volume 17, Number 2
Page range:
294-302
Total Pages:
9




 Record created 2017-04-01, last modified 2017-04-04

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