industry using panel data on prices, sales and characteristics. We find that the one-year elasticity in response to a … transitory industry-wide price shock is about 25% less than the one-month elasticity. Standard cost-of-living indices overstate …

industry using panel data on prices, sales and characteristics. We find that the one-year elasticity in response to a … transitory industry-wide price shock is about 25% less than the one-month elasticity. Standard cost-of-living indices overstate …

goods and intertemporal elasticities of demand …

, however, piracy may raise legitimate demand through positive demand-side externalities, sampling, and sharing. Accordingly …, the actual impact of piracy on the legitimate demand is an empirical issue. Addressing this issue in the context of … data for music CDs. Empirically, we find that the demand for music CDs decreased with piracy, suggesting that "theft …

own-price elasticity of quantity demand for soda of between -1.0 and -1.3. These estimates ignore consumer responses on … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity … demand is just -0.2 to -0.3, so tax-induced soda price increases might cut average weights by less than one pound, which is …