Baird, Matthew; Daugherty, Lindsay; Kumar, Krishna - 2017
disequilibrium. We develop a new methodology to improve the estimation of a reduced form disequilibrium model from the existing … disequilibrium model includes as a special case the foundational model of Maddala and Nelson (1974), off of which we build. We … find that our new shortage indicator informed disequilibrium model fits the data better than the Maddala and Nelson model …