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  • 标题:Samuelson's Full Duality and the Use of Directed Acyclical Graphs
  • 其他标题:Samuelson's Full Duality and the Use of Directed Acyclical Graphs
  • 本地全文:下载
  • 作者:Matthew C. Stockton ; Oral Capps ; David A. Bessler
  • 期刊名称:Journal of Applied Economics
  • 印刷版ISSN:1514-0326
  • 电子版ISSN:1667-6726
  • 出版年度:2008
  • 卷号:11
  • 期号:1
  • 页码:167-191
  • DOI:10.1080/15140326.2008.12040503
  • 摘要:To date, mixed demand systems have been all but ignored in empirical work. A possible reason for the scarcity of such applications is that one needs to know a priori which prices and quantities are endogenous in the mixed demand system. By using a directed acyclical graph (DAG), causal relationships among price and quantity variables are identified giving rise to a causally identified mixed demand system. A statistical comparison is made of the traditional Rotterdam model, a synthetic demand system, which subsumes the traditional Rotterdam model, and a Rotterdam mixed demand system identified through the use of a DAG. In this analysis, the respective demand systems consist of five products: steak, ground beef, beef roasts, pork, and chicken.
  • 关键词:D11 ; D12
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