| Article ID: | iaor19931022 |
| Country: | Belgium |
| Volume: | 33 |
| Start Page Number: | 29 |
| End Page Number: | 49 |
| Publication Date: | Nov 1991 |
| Journal: | Cahiers du Centre d'tudes de Recherche Oprationnelle |
| Authors: | Deville Herv |
| Keywords: | econometrics |
Dynamic analysis of disequilibrium models has only been devised for the single market case. This paper develops a general multimarket dynamic model with several standard specifications which can be solved by means of maximum likelihood techniques. We also exhibit sufficient conditions for the existence and uniqueness of an equilibrium.