Iso-elastic supply and demand functions

2007 ◽  
pp. 49-58
2001 ◽  
Vol 23 (3) ◽  
pp. 253-277 ◽  
Author(s):  
Friedel Bolle

Author(s):  
G. Cornelis van Kooten ◽  
Harry Nelson ◽  
Fatemeh Mokhtarzadeh

Abstract In this chapter, we examine the importance of softwood lumber production to Canada's economy and provide a brief history of the Canada-U.S. softwood lumber dispute and its resolution on various occasions using U.S. countervailing and anti-dumping duties, export taxes or various types of quota regimes, including tariff rate quotas. The construction of excess supply and demand functions is explained, as are the gains from trade. This helps inform the modeling approaches that are identified in later chapters.


2010 ◽  
Vol 15 (1) ◽  
pp. 91-102 ◽  
Author(s):  
Muhammad Zulfiqar ◽  
Anwar F. Chishti

A simultaneous-equations model was used to capture the supply and demand functions for Pakistan’s wheat sector at the national level. This model reflects the fact that Pakistan’s domestic wheat supply is priceresponsive and positively affected by the use of nutrient fertilizers. While price appears to be a statistically significant factor on the supply side, it is statistically insignificant on the demand side. Population size appears to be very significant in determining wheat demand. The wheat import supply seems to be influenced by the current world wheat price, current world wheat supplies, Pakistan’s domestic consumption in previous years, and domestic supply in previous years. We recommend that policymakers allow market forces to play a role in the wheat economy in a way that protects producers from adverse market conditions. The availability of various nutrient fertilizers should be central to policies on future inputs use. Work is also needed on wheat alternatives so that the country’s dependence on wheat is eased as much as possible.


Author(s):  
Siti Rahmatina ◽  
Khairul Ismi

This study aims to determine the level of creative thinking of students in solving math problems. This type of research is a verification qualitative research. The research subjects were eight people, the first grade students of Ar-Raniry Banda Aceh UIN. Subject selection was made based on the Matching Familiar Figure Test (MFFT), namely four reflective students and four impulsive students. The research data were obtained from the research subjects' written answers, namely the mathematics creative thinking test (TBKM) and the results of the interview. To test the credibility of the data the researcher triangulated. In this study, the triangulation used was the method triangulation by comparing TBKM and interviews. Students' creative thinking skills can be seen based on the achievement of mathematical creative thinking indicators. The results of the study are as follows, the reflective subject's creative thinking level 1 on compound interest calculation material is level 4, which meets four indicators of fluency, novelty, flexibility, and elaboration, the creative thinking level of reflective subject 1 on the straight-line equation related to supply and demand functions is the level 3 namely meeting the three indicators of fluency, flexibility, and elaboration. The reflective subject's creative thinking level 2 on compound interest calculation material is level 3, which is fulfilling three indicators of fluency, flexibility, and elaboration, the reflective subject's creative thinking level 2 on the straight-line equation related to supply and demand functions is level 4, which meets four indicators of fluency, novelty , flexibility and elaboration. The level of reflective subject creative thinking 3 on compound interest calculation material is level 3, which is fulfilling three indicators of fluency, novelty, and elaboration, the level of creative thinking reflective subject 3 on the material of straight-line equations related to supply and demand functions is level 1 namely meeting two indicators of fluency and elaboration. The reflexive subject's creative thinking level 4 on compounded calculation material is level 4, which is fulfilling four indicators of fluency, novelty, flexibility, and elaboration, the reflective subject's creative thinking level 4 on the straight-line equation material related to supply and demand functions is level 4, which is meeting four indicators fluency, novelty, flexibility and elaboration. The level of creative thinking of the subjects Impulsive 1, Impulsive 2, and Impulsive 4 on the compound interest calculation material and on the straight line equation material is level 1 which satisfies two indicators of fluency and elaboration. The level of creative thinking of the impulsive subject 3 on the compound interest calculation material and on the straight line equation material is level 3 which is to fulfill three indicators of fluency, flexibility, and elaboration.


Author(s):  
G. Cornelis van Kooten ◽  
Harry Nelson ◽  
Fatemeh Mokhtarzadeh

Abstract In this chapter, we examine the importance of softwood lumber production to Canada's economy and provide a brief history of the Canada-U.S. softwood lumber dispute and its resolution on various occasions using U.S. countervailing and anti-dumping duties, export taxes or various types of quota regimes, including tariff rate quotas. The construction of excess supply and demand functions is explained, as are the gains from trade. This helps inform the modeling approaches that are identified in later chapters.


1996 ◽  
Vol 10 (1) ◽  
pp. 193-203 ◽  
Author(s):  
Charles A Holt

This paper describes a classroom exercise that resembles trading in the ‘pit’ of some financial and futures markets. Playing cards are used to induce supply and demand functions. Instructions and helpful hints are provided. The exercise facilitates an understanding and appreciation of the robustness and efficiency of the textbook model of perfect competition.


Author(s):  
Martin Meurers

SummaryIn this paper aggregate supply and demand functions for Germany’s imports and exports are estimated for the period 1975:1–1999:4. Previous studies are extended in two regards: First, the multivariate estimation technique of Johansen (1988, 1991) is employed, which helps to avoid the potential bias of the predominately used single-equation approaches. Second, structural error-correction models are estimated for the import and export market. This allows for conclusions about the short-run response of buyers and sellers in both markets to changes in their forcing variables.


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