Equilibrium Displacement Models Theory, Applications, & Policy Analysis

Equilibrium Displacement Models Theory, Applications, & Policy Analysis

Applied economists frequently use equilibrium displacement models (EDMs), also termed linear elasticity models, for policy analyses because they can be used to estimate changes in prices and quantities that result from exogenous economic or policy shocks. These models are also widely used to estimat...

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Bibliographic Details
Main Authors: Brester, Gary W (Author), Atwood, Joseph A (Author), Boland, Michael A (Author)
Format: Electronic eBook
Language:English
Published: [Place of publication not identified] University of Minnesota Libraries Publishing [2023]
Series:Open textbook library.
Subjects:
Business > Textbooks
Finance > Textbooks
Online Access:Access online version
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Table of Contents:
  • Preface
  • Chapter One: Equilibrium Displacement Models
  • Chapter Two: Equilibrium Displacement Model Applications
  • Chapter Three: Mathematical Tools for Evaluating Market Perturbations
  • Chapter Three, Appendix A: Review of Linear Algebra and Differential Calculus
  • Chapter Four: Economic Modeling in Primal and Dual Environments
  • Chapter Four, Appendix A: Homogeneity of Degree 1 Production Functions and the Development of a Dual EDM System
  • Chapter Four, Appendix B: Multiplicative Technology Shocks
  • Chapter Five: EDM Policy Applications: One Output, Two Inputs
  • Chapter Six: Relaxing the Assumption of Perfect Competition
  • Chapter Seven: EDM Policy Applications: Multiple Markets
  • Chapter Eight: Consumer Surplus, Producer Surplus, and Deadweight Losses
  • Chapter Nine: Sensitivity Analyses of Equilibrium Displacement Models
  • Chapter Nine, Appendix A: Constructing and Estimating EDM Confidence Intervals using Simulation Procedures
  • Chapter Ten: Summary
  • References

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