of a dominant firm. A system of simultaneous equations is developed and direct estimation of the incumbent’s residual … demand function is performed by instrumenting the market price by incumbent-specific cost shifting variables as well as other … residual demand is inelastic (long run price elasticity of residual demand of -0.12). Such a level of elasticity is shown to be …

This paper applies combining forecasts of air travel demand generated from the same model but over different estimation … travel demand with distinct seasonal patterns at the largest German airport Frankfurt am Main. Furthermore, forecasts with … forecast horizons from one to twelve months-ahead, which are based on different average estimation windows, expanding windows …

. Therefore, demand functions for energy and its components like gasoline have received much attention. However, since confidence … in the estimated demand functions is important for use in policy and forecasting, following Amarawickrama and Hunt (2008 …), this paper estimates the demand for gasoline is estimated with 6 alternative time series techniques with data from Fiji …