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A Quadratic Inverse Demand System

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  • Moro, Daniele
  • Sckokai, Paolo

Abstract

We derive a (quadratic) inverse demand system (IQUAIDS), that generalizes the (almost ideal) inverse demand system. We discuss how the assumptions of separability and concavity can be simultaneously accommodated within the model, thus giving a (locally) separable and concave quadratic demand system. An empirical application is provided for illustrative purposes.

Suggested Citation

  • Moro, Daniele & Sckokai, Paolo, 1999. "A Quadratic Inverse Demand System," 1999 Annual meeting, August 8-11, Nashville, TN 21560, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea99:21560
    DOI: 10.22004/ag.econ.21560
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    References listed on IDEAS

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