Inverse Demand Systems and Welfare Measurement in Quantity Space

1997 ◽  
Vol 63 (3) ◽  
pp. 663 ◽  
Author(s):  
H. Youn Kim
Keyword(s):  
Demand Systems ◽  
Welfare Measurement ◽  
Inverse Demand

scholarly journals Measuring the Effects of U.S. Meat Trade on Consumers' Welfare

1993 ◽  
Vol 25 (1) ◽  
pp. 217-227 ◽  
Author(s):  
Kuo S. Huang
Keyword(s):  
Meat Consumption ◽  
Demand Systems ◽  
Price Forecasting ◽  
Compensating Variation ◽  
Inverse Demand

AbstractA set of ordinary and inverse demand systems for U.S. quarterly meat consumption is estimated for use to measure the effects of U.S. meat trade on consumers' welfare. The approach is useful to incorporate all direct- and cross-commodity effects into price forecasting and the Hicksian compensating variation measurement.

scholarly journals A family of inverse demand systems and choice of functional form

1995 ◽  
Vol 20 (3) ◽  
pp. 519-530 ◽  
Author(s):  
Mark G. Brown ◽  
Jonq-Ying Lee ◽  
James L. Seale
Keyword(s):  
Functional Form ◽  
Demand Systems ◽  
Inverse Demand

scholarly journals An Examination of Inverse Demand Models: An Application to the U. S. Crawfish Industry

2008 ◽  
Vol 37 (2) ◽  
pp. 243-256 ◽  
Author(s):  
Youngjae Lee ◽  
P. Lynn Kennedy
Keyword(s):  
Fish Species ◽  
Demand Systems ◽  
National Bureau ◽  
Statistical Validity ◽  
Demand Models ◽  
Inverse Demand ◽  
Proper Interpretation

This study analyzes quantity impacts of imported crawfish tailmeat on Louisiana crawfish tailmeat prices, and demonstrates the statistical validity and proper interpretation of cross substitution within inverse demand systems. Among five inverse demand systems, the Differential Inverse National Bureau of Research (DINBR) model shows no violation of econometric assumptions for the data analyzed. By using Allais coefficients proposed by Barten and Bettendorf (1989), we show substitutability among the five fish species.

scholarly journals Incorporating Quadratic Scale Curves in Inverse Demand Systems

2001 ◽  
Vol 83 (1) ◽  
pp. 230-245 ◽  
Author(s):  
Robert H. Beach ◽  
Matthew T. Holt
Keyword(s):  
Demand Systems ◽  
Scale Curves ◽  
Inverse Demand

scholarly journals Incomplete Demand Systems, Corner Solutions, and Welfare Measurement

2010 ◽  
Vol 39 (1) ◽  
pp. 22-36 ◽  
Author(s):  
Roger H. von Haefen
Keyword(s):  
Outdoor Recreation ◽  
Large Scale ◽  
Monte Carlo Experiment ◽  
Demand Systems ◽  
Simple Analytical Model ◽  
Consumption Data ◽  
Policy Shocks ◽  
Welfare Measurement ◽  
Highly Correlated ◽  
Corner Solutions

This paper demonstrates how corner solutions raise difficulties for the specification, estimation, and use of incomplete demand systems for welfare measurement with disaggregate consumption data, as is common in the outdoor recreation literature. A simple analytical model of consumer behavior is used to elucidate the potential biases for welfare measurement arising from modeling the demand for M goods as a function of M + N prices (N > 1) and income when individuals do not consume all goods in strictly positive quantities. Results from a Monte Carlo experiment suggest that these biases can be substantial for large-scale policy shocks when prices are highly correlated.

The family of inverse demand systems

1983 ◽  
Vol 23 (3) ◽  
pp. 329-337 ◽  
Author(s):  
Kuo S. Huang
Keyword(s):  
Demand Systems ◽  
The Family ◽  
Inverse Demand
Sign in / Sign up

Export Citation Format

Share Document