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Titre Rationnement dans les systèmes de demande : calcul des prix virtuels
Auteur Anton Barten, Léon Bettendorf
Mir@bel Revue Economie et prévision
Numéro no 121, 1995/5 Comportements des ménages
Rubrique / Thématique
Théorie de la demande : applications
Page 101-108
Résumé anglais Rationing in Demand Systems: Calculation of Virtual Prices, by Léon Bettendorf and Anton Barten. Virtual prices are essential for showing equivalence between demand theories with and without rationing (Neary and Roberts, 1980). Virtual prices are defined as a set of prices encouraging a non-rationed consumer to voluntarily consume the rationed level. This article proposes a methodology for evaluating virtual prices from estimates of complete demand systems. By way of illustration, a Rotterdam model and a CBS model, both with rationing, are estimated from Belgian data for the period between the two world wars. The virtual prices are subsequently calculated for spending on housing, which was rationed during this period.
Source : Éditeur (via Persée)
Article en ligne http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1995_num_121_5_5764