Leontief versus Ghoshian price and quantity models

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Author: Jan Oosterhaven
Date: Jan. 1996
From: Southern Economic Journal(Vol. 62, Issue 3)
Publisher: Southern Economic Association
Document Type: Article
Length: 4,434 words

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Abstract :

The Loentief and Ghoshian price models have a more negligible difference in plausibility than the two quantity models, owing to the independence of the quantity and price models. The perfect substitution and the perfect complementarity assumptions become operational when applying the quantity models, but in applications of the demand-pull price model, these are latently present but do not become operational.

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Gale Document Number: GALE|A18019352