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Several studies have shown evidence of price convergence between countries in the European Union (EU) since the … average construction costs for two building types in two groups of EU countries, one using the euro, the other using their … individual national currencies, were gathered. These costs were converted to euros where necessary using two kinds of purchasing …
Persistent link: https://www.econbiz.de/10009441585
This study looks at predicted and actual hotel rates for 1992 from theCorporate Travel Index. The Corporate Travel Index survey, which is conductedannually by Corporate Travel Magazine in conjunction with Rochester Instituteof Technology, is analyzed from an accuracy stand point.Forecasts in the...
Persistent link: https://www.econbiz.de/10009459257
pricecompetition. We also find that search costs decrease with the passage oftime as the information about price changes dissipates … among consumers,leading to increased price elasticity over time. Finally, we highlightthat search costs are lower for …It is well known that the Internet has significantly reduced consumers'search costs online. But relatively little is …
Persistent link: https://www.econbiz.de/10009435104
digital characteristics may be more susceptible to cannibalization than books are.We find that the cross price elasticity of … (0.088). These higher cross price elasticities translate into higher levels of cannibalization: 24% of used CDs and 86 …
Persistent link: https://www.econbiz.de/10009441066
The purpose of this paper is to examine the structure of wine consumption in the Japanese market, focusing on the consumption in households. Considering various tendencies of Japanese eating and drinking habits nowadays related to wine consumption, the model was built and empirically estimated....
Persistent link: https://www.econbiz.de/10009443580
consumers reactat the point of sale to price changes and promotional activities byretailers. The empirical evidence focuses on … pricing by multiproduct firms suggests thatdirect and cross price elasticities of demand and marginal costsdetermine the … profit-maximizing price at one point of time. Goodreasons do exist additionally for multiproduct retailers to varyprices …
Persistent link: https://www.econbiz.de/10009443707
carry out an empirical analysis of the influence of price and price structure on residential water demand, using the most … price-diverse, detailed, household-level water demand data yet available for this purpose. We adapt the Hausman model of … to address both the simultaneous determination of marginal price and water demand under block pricing and the possibility …
Persistent link: https://www.econbiz.de/10009445473
. Furthermore, those fluctuations could well have a significant impact on the price elasticity of harvest even with large stocks of … that stumpage sales displayed little correlation with prices during the period; the positive price elasticity of harvest … Forest budgets and annual sales. If budget appropriations had been negatively correlated with stumpage prices, the price …
Persistent link: https://www.econbiz.de/10009445525
quantitative estimates of price and income elasticities. This paper contributes to the existing literature by providing own-price … impact on the quantity demanded. Finally, the study investigates whether the price elasticity of demand depends on income …, age or household size and whether the price elasticity varies among different retail formats. The results show that the …
Persistent link: https://www.econbiz.de/10009445847
consumers tend to bear more COOL costs than producers, as the own-price elasticity becomes more inelastic, and that producers …’ benefits increase as the elasticity of domestic demand becomes more elastic with respect to the price ofimported products. The … successful in expanding domestic demand when the programs make the own-price elasticity of domestic demand more inelastic and the …
Persistent link: https://www.econbiz.de/10009446049