Demand and accumulation relations in a bazaar can be statistically estimated from price, quantity, and added abstracts with acceptable advice in the model. This can be done with simultaneous-equation methods of admiration in econometrics. Such methods acquiesce analytic for the model-relevant "structural coefficients," the estimated algebraic counterparts of the theory. The Parameter identification botheration is a accepted affair in "structural estimation." Typically, abstracts on exogenous variables (that is, variables added than amount and quantity, both of which are autogenous variables) are bare to accomplish such an estimation. An another to "structural estimation" is reduced-form estimation, which regresses anniversary of the autogenous variables on the corresponding exogenous variables.
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