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Technical Document for Price Adjustment

Author

Listed:
  • Zheng Tian

    (International School of Economics and Management, Capital University of Economics and Business)

  • Mulugeta Kahsai

    (Department of Technology, Virginia State University)

  • Randall Jackson

    (Regional Research Institute, West Virginia University)

Abstract

This document presents the basis for the price adjustment mechanisms in a time series IO model. The essentials of the price adjustment and price change propagation algorithms are presented, along with a matrix permutation algorithm that facilitates the implementation of the price adjustment mechanism. The Matlab function is provided.

Suggested Citation

  • Zheng Tian & Mulugeta Kahsai & Randall Jackson, 2014. "Technical Document for Price Adjustment," Working Papers Technical Document 2014-0, Regional Research Institute, West Virginia University, revised 11 Sep 2014.
    • Handle: RePEc:rri:wpaper:2014td02
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    File URL: https://researchrepository.wvu.edu/rri_tech_docs/6/
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    More about this item

    Keywords

    input-output models; price changes; energy;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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