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A Self-Reflective Inverse Demand System

Author

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  • Kenneth W Clements

    (UWA Business School, The University of Western Australia)

  • Maxwell Maesepp

    (UWA Business School, The University of Western Australia)

Abstract

This paper introduces an inverse differential demand system that has exactly the same form as the corresponding direct version. Its application is illustrated with the case of Australian fruit, whose prices were substantially affected by Severe Tropical Cyclone Larry in 2006.

Suggested Citation

  • Kenneth W Clements & Maxwell Maesepp, 2009. "A Self-Reflective Inverse Demand System," Economics Discussion / Working Papers 09-09, The University of Western Australia, Department of Economics.
  • Handle: RePEc:uwa:wpaper:09-09
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