IDEAS home Printed from https://ideas.repec.org/a/pal/compes/v35y1993i3p49-52.html
   My bibliography  Save this article

Asymmetric “Min” Condition and Estimation for Disequilibrium Markets: Comment

Author

Listed:
  • John P Burkett

Abstract

The fact that output is seldom limited by demand in centrally planned economies may, as Chang (1992) rightly stresses, simplify the task of modeling non-clearing markets. However, there are two grounds for skepticism about Chang's model of the market for consumption goods in China. First, his use of unadjusted output as a proxy for supply is suspect. Second, his consumption function and his disequilibrium indicator function are consistent only under restrictive and unverifiable conditions on variables determined outside of the model.

Suggested Citation

  • John P Burkett, 1993. "Asymmetric “Min” Condition and Estimation for Disequilibrium Markets: Comment," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 35(3), pages 49-52, September.
    • Handle: RePEc:pal:compes:v:35:y:1993:i:3:p:49-52
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/ces/journal/v35/n3/pdf/ces199323a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/ces/journal/v35/n3/full/ces199323a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:compes:v:35:y:1993:i:3:p:49-52. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.