Showing 71 - 80 of 38,254
This paper presents a meta-analysis of variations in price and income elasticities of residential water demand ….Information on the determinants of consumer demand is of pivotal importance for the efficiency and efficacy ofpublic and private … policy-making. It is also crucial for effective water demand management. We focus on theapplication of statistical methods to …
Persistent link: https://www.econbiz.de/10011398958
evidence on how household income affects demand for warranties. The adapted model rationalizes a strong aversion to deductibles …
Persistent link: https://www.econbiz.de/10010528301
(household economies of scale) at the micro level, thereby increasing household-sector demand at the macro level. We propose a … decline in average household size impacts aggregate household-sector demand. We apply the framework to energy consumption in …
Persistent link: https://www.econbiz.de/10011666807
for a single product while the others search for multiple products. When the mass of consumers who demand one of the … the products are neither complements nor substitutes. In addition, under some conditions, this decrease in demand causes …
Persistent link: https://www.econbiz.de/10011804803
We extend upon Reeves (2020), who attempts to demonstrate that classical violations of the Law of Demand are in … demand sends a shock to the Giffen good’s demand curve, shifting it out through a change in preferences and, hence, violating … (2007) by suggesting that the price and demand changes that they are measuring are likely changes along the supply curve …
Persistent link: https://www.econbiz.de/10013212005
This paper analyzes the relationship between the demand for tobacco, its price and the economic factors that may … estimate the elasticities of these factors through the tobacco demand models proposed in the literature. The price of tobacco … among the variables used to estimate the demand equations for tobacco. The results of the estimations indicate first that …
Persistent link: https://www.econbiz.de/10013323186
This article develops elasticity of demand, which is a theoretical device in microeconomics that has been taught to …
Persistent link: https://www.econbiz.de/10013149234
demand function that allows for structural breaks and regime shifts in the cointegrating relationship. Our findings support … the demand function is found. We believe our findings might be due to the introduction of an increasing number of wine …
Persistent link: https://www.econbiz.de/10014065044
Although gambling is primarily an economic activity, no single theory of the demand for gambles has gained wide …-spread acceptance among economists. This paper proposes a simple model of the demand for gambling that is based on the standard economic …
Persistent link: https://www.econbiz.de/10014069465
In the empirical and theoretical literature a consumer's utility function is often assumed to be quasilinear. In this paper we provide necessary and sufficient conditions for testing if the consumer acts as if she is maximizing a quasilinear utility function over her budget set. If the...
Persistent link: https://www.econbiz.de/10014070240