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In the article different types of price elasticity and the features of their calculation are considered. Also the model of accounting price elasticity for a guide to future profits of the company is described.
Persistent link: https://www.econbiz.de/10010857483
The main purpose of this study is proving how using the Household Income and Expenditure National Survey, ENIGH, can deliver contradictory estimations for price elasticities, according to the assumptions made about the goods being analyzed. This work used data for 2008, 2010 and 2012 for making...
Persistent link: https://www.econbiz.de/10010938035
This paper looks at the economy-wide demand and the firm level demand for electricity in Pakistan. The economy wide … estimation of electricity demand uses panel data from 63 countries from 1998-2008, and finds that the elasticity of demand for … lead to a 0.69% increase in the demand for electricity. The firm level analysis uses firm level data from the World Bank …
Persistent link: https://www.econbiz.de/10010556760
scanner data to estimate an incomplete demand system for dairy products. We use these estimates to simulate substitution among … groups. While we find little difference in own- and cross-price substitution elasticities of demand, the welfare effects of …
Persistent link: https://www.econbiz.de/10008592520
of the price elasticity of demand have the potential to further confuse students, as do elasticity estimates that are … dated and inappropriate. Principles instructors could better explain the price elasticity of demand by concentrating on the … price-quantity point on a demand curve and the mid-point formula, while avoiding rotating demand curves and relying less on …
Persistent link: https://www.econbiz.de/10008599097
Persistent link: https://www.econbiz.de/10005615752
This paper uses recent data to measure the role of income and relative prices in determining the demand for four types …
Persistent link: https://www.econbiz.de/10010769480
demand for golf, nor the benefits received by the golfers themselves. Using a survey of Colorado golfers at 19 golf courses … and a relatively novel hybrid individual observation and zonal travel cost model, the authors find the demand for golf is … rounds of golf is $143.8 million. The authors find a ``U'' shaped quadratic relationship between age and golf demand, such …
Persistent link: https://www.econbiz.de/10010778332
Persistent link: https://www.econbiz.de/10009150079
We study the residential sector electricity demand in South Korea based on aggregate monthly time series data from 2003 … electricity demand. After controlling the Underlying Energy Demand Trend (UEDT) by a Structure Time Series Model (STSM), the …
Persistent link: https://www.econbiz.de/10011183612