Methods of Estimation for Models of Markets with Bounded Price Variation
描述了受控价格市场模型的估计方法,适用于价格上限或下限导致的市场失衡情况,并区分了短缺方主导的配给模型和存在超额需求或供给时无交易的交易模型。
The paper describes methods of estimation for models of markets with controlled prices.Many practical situations involving disequilibrium are due to price ceilings or price floors or both and thus fall.in the category of the models described here.The paper also distinguishes between "rationing models" where the short side of the market prevails� and "trading models" where no trading takes place if there is excess demand or excess supp1y.