The Benefit Function Approach to Modeling Price-Dependent Demand Systems: An Application of Duality Theory
In this article, we advocate more extensive use of the benefit function in specifying price-dependent or inverse demand models. We demonstrate how duality theory may be used to establish the interrelationships between the Marshallian (or Hicksian) inverse demands and Luenberger's adjusted price...
| Veröffentlicht in: | American Journal of Agricultural Economics. - Oxford University Press. - 91(2009), 4, Seite 1110-1123 |
|---|---|
| 1. Verfasser: | |
| Weitere Verfasser: | |
| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2009
|
| Zugriff auf das übergeordnete Werk: | American Journal of Agricultural Economics |
| Schlagworte: | benefit functions duality theory inverse demands numerical inversion estimation method Economics Mathematics Biological sciences Applied sciences Philosophy Business |
| Online verfügbar |
Volltext |