Building a Dynamic Equilibrium Model for Grain Market in China
In practices, it is very difficult to build a market equilibrium model since the same price variable appears in both functions of demand and supply while its effects on the two quantities of demand and supply are opposite. This paper has gained a dynamic equilibrium model of grain market in China fitted to the expectation of micro-economics theory, with the full information likelihood estimator. With the model, the market operation and the effects of the main variables can be analyzed in quantity and predictions can be made in details.
Chinese grain market Dynamic equilibrium Simultaneous model Full information likelihood estimator (fiml)
SUN He ZHANG Haixiang
School of Economics and Management, Yunnan Agricultural University, PR.China, 650201
国际会议
China Agriculture System Engineering Society 2010(2010年中国农业系统工程学术年会)
威海
英文
438-440
2010-07-29（万方平台首次上网日期，不代表论文的发表时间）