Showing 1 - 10 of 10,244
VAT rates have changed multiple times and to a relatively great extent in Hungary during the past years. We use the resulting price changes in estimating the price- and income-elasticity of households’ expenditures. As a novelty, we introduce an interaction term in estimating the demand system...
Persistent link: https://www.econbiz.de/10011588723
Persistent link: https://www.econbiz.de/10012695728
Persistent link: https://www.econbiz.de/10000834042
Persistent link: https://www.econbiz.de/10000800722
Persistent link: https://www.econbiz.de/10000168282
Persistent link: https://www.econbiz.de/10003728384
Persistent link: https://www.econbiz.de/10003731167
Persistent link: https://www.econbiz.de/10003649189
This contribution provides a game theoretical derivation of market demand as a function of the level and distribution of income in the considered economy: if (i) the price is low, everyone buys the good; if (ii ) the price is high, only the rich buy the good (a status good in a narrow sense). If...
Persistent link: https://www.econbiz.de/10003779109