ON MARKET EQUILIBRIUM-ANALYSIS

Authors
CHAVAS JP COX TL
Citation
Jp. Chavas et Tl. Cox, ON MARKET EQUILIBRIUM-ANALYSIS, American journal of agricultural economics, 79(2), 1997, pp. 500-513
Citations number
22
Categorie Soggetti
Economics,"AgricultureEconomics & Policy
Journal title
American journal of agricultural economics → ACNP
ISSN journal
00029092
Volume
79
Issue
2
Year of publication
1997
Pages
500 - 513
Database
ISI
SICI code
0002-9092(1997)79:2<500:OME>2.0.ZU;2-K
Abstract
In this paper we develop the implications of competitive market equili brium for production and household behavior when some prices are endog enously determined. The properties of market equilibrium functions are explored, including the effects of pricing policy. A Slutsky-type equ ation relating compensated and uncompensated market equilibrium functi ons is derived. Implications for multimarket welfare analysis are pres ented, focusing on the effects of pricing policy and technical change.