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A self-reflective inverse demand system

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  • Kenneth W. Clements
  • Maxwell Maesepp

Abstract

This article introduces an inverse differential demand system that has exactly the same form as the corresponding direct version. Its application is illustrated with the case of Australian fruit, whose prices were substantially affected by Severe Tropical Cyclone Larry in 2006.

Suggested Citation

  • Kenneth W. Clements & Maxwell Maesepp, 2011. "A self-reflective inverse demand system," Applied Economics Letters, Taylor & Francis Journals, vol. 18(18), pages 1739-1743, December.
    • Handle: RePEc:taf:apeclt:v:18:y:2011:i:18:p:1739-1743
    DOI: 10.1080/13504851.2011.562153
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    References listed on IDEAS

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    1. Laitinen, Kenneth & Theil, Henri, 1979. "The Antonelli matrix and the reciprocal Slutsky matrix," Economics Letters, Elsevier, vol. 3(2), pages 153-157.
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    4. Keller, W.J. & Van Driel, J., 1985. "Differential consumer demand systems," European Economic Review, Elsevier, vol. 27(3), pages 375-390.
    5. Huang, Kuo S., 1983. "The family of inverse demand systems," European Economic Review, Elsevier, vol. 23(3), pages 329-337, September.
    6. Keller, Wouter J., 1984. "Some simple but flexible differential consumer demand systems," Economics Letters, Elsevier, vol. 16(1-2), pages 77-82.
    7. Brown, Mark G & Lee, Jonq-Ying & Seale, James L, Jr, 1995. "A Family of Inverse Demand Systems and Choice of Functional Form," Empirical Economics, Springer, vol. 20(3), pages 519-530.
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