the objective of this paper is econometric analysis of iranian agricultural products markets (case study ofpotatoes) by using equilibrium and disequilibrium techniques. sections i and ii proceeds by classification of disequilibrium econometric literature and supply and demand analysis for agriculural products, respectively. in the other parts ofpaper potato market lif iran was hypothesized and ...

We present an empirical analysis of a supply function equilibrium model in the Texas spot electricity market. We derive conditions for optimal bidding behavior in a spot market with ex ante bilaterally contracted sales. By estimating costs, we are able to derive a set of ex post-and ex ante-optimal supply functions and use a non-parametric behavioral model to compare our theoretically optimal s...

In the 1990s, in many countries, wages became a more convex function of education: returns to college increased and returns to intermediate education declined. This paper argues that an important cause of this convexification was a two-stage demand-supply interaction: an increased demand for educated workers stimulated a supply response; an increased supply of intermediate-educated workers furt...

We show that very little is needed to create liquidity under-supply in equilibrium. Credit constraints on demand by themselves can cause an under-supply of liquidity, without the uncertainty, intermediation, asymmetric information or complicated international financial framework used in other models in the literature. We show that the under-supply is a non-monotone function of the demand distor...

With the constant changes of the market demand trends and modern information technology which greatly influence supply chain operation and management, postponement has been developed to be an important strategy in some of the supply chain processes. This paper studies the multi-period and multi-commodity flow supply chain network equilibrium problem with postponement strategy under a type of su...

this paper develops positive mathematical programming (pmp) model to determine the optimum cropping pattern and water demand function in six regions of lower part lands of shirindarre dam in north khorasan province of iran and then estimates the expected pay for water in each region. the quantity of water supplied from such different water resources as dams, wells, and rivers in different scena...

We develop game theoretic models to evaluate strategic behavior in deregulated electricity markets, with particular attention given to the market rules in place in California through the summer of 2000. We prove existence of a Nash equilibrium under two particular sets of market rules used by the CALPX and CAISO respectively. Next we derive a lower bound (strictly above marginal cost) on averag...

We offer new suffi cient conditions ensuring demand is downward sloping local to equilibrium. It follows that equilibrium is unique and stable in the sense that rising supply implies falling prices. In our setting, there are two goods, which we interpret as consumption in different time periods, and many impatience types. Agents have the same Bernoulli utility function, but the types differ arb...