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A Family of Inverse Demand Systems and Choice of Functional Form

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Author Info
Brown, Mark G
Lee, Jonq-Ying
Seale, James L, Jr

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Abstract

Barten's (1992) analysis of choice of functional form for quantity-dependent demand systems is extended to price-dependent or inverse demand systems. Alternative inverse demand systems combining the features of the Rotterdam inverse demand and almost ideal inverse demand systems are examined. Choice of functional form is made through a synthetic model which under appropriate restrictions yields the different inverse demand systems. The synthetic model itself can also be considered a more flexible specification.

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Publisher Info
Article provided by Springer in its journal Empirical Economics.

Volume (Year): 20 (1995)
Issue (Month): 3 ()
Pages: 519-30
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Handle: RePEc:spr:empeco:v:20:y:1995:i:3:p:519-30

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  1. Vasiliki Fourmouzi & Margarita Genius & Vangelis Tzouvelekas, 2006. "The Demand for Organic, Integrated-Agriculture, and Conventional Fresh Vegetables: A Censored Inverse Almost Ideal Demand System," Working Papers 0618, University of Crete, Department of Economics. [Downloadable!]
  2. Harri, Ardian & Muhammad, Andrew & Anderson, John D., 2008. "Estimating a Demand System with Seasonally Differenced Data," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6427, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  3. Gary Wong & Qiao Yu, 2001. "Inverse Demand Systems for Composite Liquid Assets: Evidence from China," School of Economics and Finance Discussion Papers and Working Papers Series 097, School of Economics and Finance, Queensland University of Technology. [Downloadable!]
  4. Fousekis, Panos & Revell, Brian J., 2000. "Meat Demand In The Uk: A Differential Approach," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(01), April. [Downloadable!]
  5. Jung, Jione, 2009. "Effects Of The Suspension Agreement: U.S.-Mexico Fresh Tomatoes Antidumping Case," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49285, Agricultural and Applied Economics Association. [Downloadable!]
  6. Maynard, Leigh J. & Narayanan, V. Venkat, 2002. "Price Sensitivities For U.S. Frozen Dairy Products," 2002 Annual meeting, July 28-31, Long Beach, CA 19781, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  7. Beach, Robert H. & Holt, Matthew T., 1999. "Incorporating Quadratic Scale Curves In Inverse Demand Systems," 1999 Annual meeting, August 8-11, Nashville, TN 21579, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
    Other versions:
  8. Lee, Youngjae & Kennedy, P. Lynn, 2008. "An Examination of Inverse Demand Models: An Application to the U.S. Crawfish Industry," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 37(2), October. [Downloadable!]
  9. Gary K.K. Wong & Keith R. McLaren, 2002. "Regular and Estimable Inverse Demand Systems: A Distance Function Approach," Monash Econometrics and Business Statistics Working Papers 6/02, Monash University, Department of Econometrics and Business Statistics. [Downloadable!]
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