Gas prices america

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Lemqules
Posts: 1
Joined: Tue May 10, 2011 1:42 am

Gas prices america

Postby Lemqules » Tue May 10, 2011 2:03 am

I have reccived a task about the American gas market, and two equations.

The top one is “request” the lower one is “offer”(Attachment)
a)
Is the two equations in the system identified?
B)
On the basis of the two equations, derive the reduced equations as a function of
parameters in the system
C)
Estimate the supply function using 2SLS-estimator ("Two-Stage Least-Squares").
What is the connection between price and quantity in the supply function?

How do I figure this out in eviews? This is really imortant to me and I would be very happy if anyone can help me!
Attachments
Gas (1).xls
Gas data
(47.5 KiB) Downloaded 144 times
equantities.png
equantities
equantities.png (5.87 KiB) Viewed 1724 times

startz
Non-normality and collinearity are NOT problems!
Posts: 3798
Joined: Wed Sep 17, 2008 2:25 pm

Re: Gas prices america

Postby startz » Tue May 10, 2011 6:15 am

When asking for homework help, it's best to show us what you've already done so we know where you got stuck.


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