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effective demand. The first part of the article deals with his theory of prices and distribution, and shows that, although his … effective demand and his theory of prices. According to Malthus, natural prices are the condition of reproduction of the economy …This article restates the essential link existing between Malthus' theory of prices and distribution, and his theory of …
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From its inception, demand estimation has faced the problem of "many prices." This paper provides estimators of average … demand and associated bounds on exact consumer surplus when there are many prices in cross-section or panel data. For cross … "zeros problem" of demand. For panel data we provide bias corrected, ridge regularized estimators of average coefficients and …
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This paper analyzes optimal retailer pricing in dense transshipment networks. Given the complexities associated with logistic profit functions (Hanson and Martin 1996; Hongmin and Woonghee 2011), a key insight of the paper is that prices become much easier to analyze as the network becomes dense....
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