To be useful for realistic policy simulation in an environment of rapid structural change, inverse demand systems must remain regular over substantial variations in quantities. The distance function is a convenient vehicle for generating such systems. While it directly yields Hicksian inverse demand functions, those functions will not usually have an explicit representation in terms of the observable variables. Note however that this problem need not hinder estimation and could be solved by using the numerical inversion estimation approach. This paper develops the formal theory for using distance functions in this context, and demonstrates the operational feasibility of the method
Demand for products is determined not only by the usual marketing variables of price, promotion, qua...
Inverse problems can be described as functional equations where the value of the function is known o...
"The paper presents an approach to modeling and simulating demand which is based on contemporary eco...
To be useful for realistic policy simulation in an environment of rapid structural change, inverse d...
To be useful for realistic policy simulation in an environment of rapid structural change, inverse d...
To be useful for policy simulation in the current climate of rapid structural change, inverse demand...
To allow realistic policy simulations in a changing environment, inverse demand systems must remain ...
We present an inverse demand that can be estimated in a linear form. The model is derived from a spe...
We present an inverse demand system that can be estimated in a linear form. The model is derived fro...
Our purpose is to investigate the ability of different parametric forms to ‘correctly ’ estimate con...
In this paper, a quadratic inverse (almost ideal) demand system (IQUAIDS) is derived, that generaliz...
We propose a new inverse demand system, the normalized quadratic distance function, which is similar...
Recent developments in the econometric estimation of multi-output, multi-input distance functions ha...
We investigate how to theoretically and empirically measure pre-committed quantities through price f...
In this study we propose a methodology that allows one to obtain consistent estimates of a system of...
Demand for products is determined not only by the usual marketing variables of price, promotion, qua...
Inverse problems can be described as functional equations where the value of the function is known o...
"The paper presents an approach to modeling and simulating demand which is based on contemporary eco...
To be useful for realistic policy simulation in an environment of rapid structural change, inverse d...
To be useful for realistic policy simulation in an environment of rapid structural change, inverse d...
To be useful for policy simulation in the current climate of rapid structural change, inverse demand...
To allow realistic policy simulations in a changing environment, inverse demand systems must remain ...
We present an inverse demand that can be estimated in a linear form. The model is derived from a spe...
We present an inverse demand system that can be estimated in a linear form. The model is derived fro...
Our purpose is to investigate the ability of different parametric forms to ‘correctly ’ estimate con...
In this paper, a quadratic inverse (almost ideal) demand system (IQUAIDS) is derived, that generaliz...
We propose a new inverse demand system, the normalized quadratic distance function, which is similar...
Recent developments in the econometric estimation of multi-output, multi-input distance functions ha...
We investigate how to theoretically and empirically measure pre-committed quantities through price f...
In this study we propose a methodology that allows one to obtain consistent estimates of a system of...
Demand for products is determined not only by the usual marketing variables of price, promotion, qua...
Inverse problems can be described as functional equations where the value of the function is known o...
"The paper presents an approach to modeling and simulating demand which is based on contemporary eco...