When are Supply and Demand Determined Recursively Rather than Simultaneously? Another look at the Fulton Fish Market Data.

When are Supply and Demand Determined Recursively Rather than Simultaneously? Another look at the Fulton Fish Market Data.

अन्य संस्करण दिखाएं (1)

When a supply and demand model is recursive, with errors uncorrelated across the two equations, ordinary least squares (OLS) is the recommended estimation procedure. Supply to a daily fish market is determined by the previous night’s catch, so this would appear to be a good example of a recursive ma...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखकों: Graddy, K, Kennedy, P
स्वरूप: Working paper
भाषा:English
प्रकाशित: Department of Economics (University of Oxford) 2006
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