A Harris-style miniature version of ORANI

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Cory, P and Horridge, Mark ORCID: 0000-0002-1070-5763 (1985) A Harris-style miniature version of ORANI. Working Paper. Centre of Policy Studies (COPS).

Abstract

A small version of ORANI is constructed, incorporating economies of scale and imperfect competition. Economic mechanisms are borrowed from a model constructed by Richard Harris, and described in his 1984 book "Trade, Industrial Policy and Canadian Manufacturing". The miniature Harris-like model is used to determine whether Harris' conclusions might carry over to Australia, and to see which of his several assumptions are responsible for his more striking results. We find that import-parity pricing is responsible for most of the 'action', while Lerner pricing (based on perceived demand elasticities) yields results similar to the conventional CRTS model

Additional Information

CoPS/IMPACT Working Paper Number OP-54

Item type Monograph (Working Paper)
URI https://vuir.vu.edu.au/id/eprint/29288
Official URL http://www.copsmodels.com/elecpapr/op-54.htm
ISBN 0642526427
Subjects Historical > FOR Classification > 1403 Econometrics
Current > Division/Research > Centre of Policy Studies (CoPS)
Keywords C68; L11; L13; economies of scale; imperfect competition; applied general equilibrium models
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