Econometrics in multimarket dynamic models with a continuous transaction function

Econometrics in multimarket dynamic models with a continuous transaction function

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Article ID: iaor19942243
Country: Belgium
Volume: 35
Start Page Number: 15
End Page Number: 29
Publication Date: Oct 1993
Journal: Cahiers du Centre d'tudes de Recherche Oprationnelle
Authors:
Keywords: econometrics
Abstract:

Dynamic analyses of quantity rationing models have been performed in the context of discrete and continuous models considering a single market. Extending these analysis to multimarket models adds a transversal dimension to the existing intertemporal dimension, and solving these models appears to be very complex in the case of discrete regimes. The author shows that for models with a continuous transaction function, rather easy solution techniques can be developed which use usual econometric concepts.

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