Showing 1 - 10 of 1,251
In empirical demand, industrial organization, and labor economics, prices are often unobserved or unobservable since …-consistent demand analysis remains feasible in the presence of partially observed prices, and hence partially observed implied budget …
Persistent link: https://www.econbiz.de/10011284225
Elasticity of demand is a concept that is widely understood because it is systematically taught in introductory …
Persistent link: https://www.econbiz.de/10013149240
and expenditure elasticities ; aggregation bias ; consumer demand ; generalized measures of income inequality ; income …
Persistent link: https://www.econbiz.de/10009315516
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
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
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
show that a positive demand shock to one of the products decreases the price of another product, whereas it increases its … decrease, however, following a positive demand shock when the demands for each product are positively correlated. We also show … elastic with respect to search costs. A price difference between products increases as the demand gap between products …
Persistent link: https://www.econbiz.de/10012852683
The paper explicitly discusses the key differences between a demand for consumables and demand for (non … demand for nonconsumable money (Hahn paradox). These issues are important for developing micro-foundations of monetary …
Persistent link: https://www.econbiz.de/10012833926
demand for a good to a permanent increase in its market price.Depending on the interplay between self-productivity and time …
Persistent link: https://www.econbiz.de/10012834657
elasticity of demand. The modest propensity to search creates normal but income inelastic demand. The income elastic demand …
Persistent link: https://www.econbiz.de/10012062883