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Methods of Estimation for Models of Markets with Bounded Price Variation

Maddala, G. S. (1979) Methods of Estimation for Models of Markets with Bounded Price Variation. Social Science Working Paper, 296. California Institute of Technology , Pasadena, CA. (Unpublished) https://resolver.caltech.edu/CaltechAUTHORS:20171013-152035345

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Abstract

The paper describes methods of estimation for models of markets with controlled prices. Many practical situations involving disequilibrium are due to price ceilings or price floors or both and thus fall.in the category of the models described here. The paper also distinguishes between "rationing models" where the short side of the market prevails, and "trading models" where no trading takes place if there is excess demand or excess supply.


Item Type:Report or Paper (Working Paper)
Related URLs:
URLURL TypeDescription
http://resolver.caltech.edu/CaltechAUTHORS:20171016-113938766Related ItemLater published version in International Economic Review
Additional Information:Financial support from the National Science Foundation under grant SOC78-09473 is gratefully acknowledged. Published as Maddala, G. S. "Methods of estimation for models of markets with bounded price variation." International Economic Review (1983): 361-378.
Group:Social Science Working Papers
Funders:
Funding AgencyGrant Number
NSFSOC78-09473
Subject Keywords:Supply, Mortgage loans, Rationing, Economic models, Bank loans, Market disequilibrium, Loan rates, Estimation methods, Price ceilings, Mathematical models
Series Name:Social Science Working Paper
Issue or Number:296
Record Number:CaltechAUTHORS:20171013-152035345
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20171013-152035345
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:82350
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:16 Oct 2017 18:50
Last Modified:03 Oct 2019 18:53

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