Can Supply and Demand Parameters Be Recovered From Data Generated by Market Institutions?
能否从市场制度生成的数据中恢复供给与需求参数？
The relative accuracy of estimators in recovering supply and demand parameters can depend on the market institutions that generate the data. The parameters of known supply and demand functions are estimated with data from laboratory market experiments with human buyers and sellers. Single-equation estimators dominate simultaneous-equations estimators in recovering supply and demand parameters from posted-offer market data. The inaccuracy of simultaneous-equations estimators…