Incorporating Quadratic Scale Curves in Inverse Demand Systems
提出包含二次规模项的逆需求系统，以月度南大西洋鱼类登陆与估值数据估计归一化二次逆需求-二次规模系统，并用于评估捕捞限制的福利影响。
Abstract In this paper we introduce inverse demand systems that include quadratic scale terms. These systems are similar to regular quadratic demand systems introduced by Howe, Pollak, and Wales. A unique feature of these specifications is that they maintain linear scale curves as a special case. For illustrative purposes we estimate the Normalized Quadratic Inverse Demand‐Quadratic Scale System using monthly South Atlantic fish landings and valuation data, 1980‐1996. In estimation concavity is maintained locally, and the rank reduction procedures advocated by Diewert and Wales (1988a) are employed. The estimated model is then used to obtain welfare estimates associated with catch restrictions.