This paper extends the method of virtual prices for quantity constraints to provide inverse derived demand functions for quotas and quota market equilibrium and pricing. The approach is applied to evaluate the anticipated effects of a potential program of individual transferable quotas...

The long-run multiproduct profit function is developed to provide a more general procedure than the s tatic minimum cost function to examine the technological and cost det erminants of multiproduct industry structure and the likely form of a ny market equilibrium. In this approach, outputs are...