Bode, Ben; Koerts, Johan; Thurik, A. Roy - In: Applied Economics 30 (1998) 11, pp. 1511-1530
The use of disequilibrium models in applied microeconomic research is evaluated. A disequilibrium or switching regime model is used to explainsales levels of individual retail stores. It is investigated whether substantial differences are found if an equilibrium approach is followed instead....