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This paper utilizes the notion of effective global regularity and the intuition stemming from Cooper and McLaren (1996)'s General Exponential Form to develop a family of composite (product and ratio) direct, inverse and mixed demand systems. Apart from having larger regularity regions, the...
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To allow realistic policy simulations in a changing environment, inverse demand systems must remain regular over substantial variations in quantities. The distance function is a convenient vehicle for generating such systems. While its use directly yields Hicksian inverse demand functions, those...
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