from the visibility of consumer expenditures. We outline a stylized conspicuous consumption model where income elasticity …

We provide consistent, cross-country estimates of price and income elasticity for 11 OECD countries, using data from a … price, we provide country specific price elasticity estimates and average income elasticity estimates, using the double …

.00. For total alcohol, the price elasticity is -0.50 and the income elasticity is 0.60.Conclusions: These new results imply …

households live in poverty. The income elasticity of demand for land is too low for urban poverty to be the result of wealthy …