SAMUELSON'S FULL DUALITY AND THE USE OF DIRECTED ACYCLICAL GRAPHS: THE BIRTH OF CAUSALLY IDENTIFIED DEMAND SYSTEMS
| dc.creator | Stockton, Matthew C. | |
| dc.creator | Capps, Oral, Jr. | |
| dc.creator | Bessler, David A. | |
| dc.date | 2017-04-01T14:09:47Z | |
| dc.date.accessioned | 2026-07-09T03:29:36Z | |
| dc.description | 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 demand system (CIDS). A statistical comparison is made of the traditional Rotterdam model with a Rotterdam mixed demand system identified through the use of a DAG. In this analysis, the respective Rotterdam demand systems consist of five products: steak, ground beef, roast beef, pork, and chicken. | |
| dc.identifier | doi:10.22004/ag.econ.19969 | |
| dc.identifier | https://ageconsearch.umn.edu/record/19969/files/sp04st03.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/19969 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/533499 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/19969 | |
| dc.title | SAMUELSON'S FULL DUALITY AND THE USE OF DIRECTED ACYCLICAL GRAPHS: THE BIRTH OF CAUSALLY IDENTIFIED DEMAND SYSTEMS | |
| dc.type | Text |