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This paper develops a new method for estimating the demand function for gasoline and the deadweight loss due to an … Household Travel Survey, we show that the restrictions are consistent with the data on gasoline demand and remove the anomalous … increase in the gasoline tax. The method is also applicable to other goods. The method uses shape restrictions derived from …
Persistent link: https://www.econbiz.de/10003838977
method is applied to gasoline demand in the United States and is applicable to other goods. The method uses shape … price responsiveness of gasoline demand and the way responses vary across the income distribution. We find that price …This paper develops a new method for estimating a demand function and the welfare consequences of price changes. The …
Persistent link: https://www.econbiz.de/10011756415
show the importance of such measurement errors for the estimation of demand in a setting with nonseparable unobserved … group rather than the true individual value. In consumer demand this form of measurement error is present because the price … heterogeneity. We develop a consistent estimator using external information on the true distribution of prices. Examining the demand …
Persistent link: https://www.econbiz.de/10011935703
The evaluation of the impact of an increase in gasoline tax on demand relies crucially on the estimate of the price … demand using a panel of US households, focusing mainly on the estimation of the price elasticity. Unlike previous semi … specification for gasoline demand, we obtain a measure of gasoline price elasticity that circumvents the implausible price effects …
Persistent link: https://www.econbiz.de/10012720374
Persistent link: https://www.econbiz.de/10009562888
method is applied to gasoline demand in the U.S. and is applicable to other goods. The method uses shape restrictions derived ….S. National Household Travel Survey, we show that the restrictions are consistent with the data on gasoline demand and remove the … gasoline demand and the way responses vary across the income distribution. We find that price responses vary nonmonotonically …
Persistent link: https://www.econbiz.de/10010288340
This paper develops a new method for estimating the demand function for gasoline and the deadweight loss due to an … Household Travel Survey, we show that the restrictions are consistent with the data on gasoline demand and remove the anomalous … increase in the gasoline tax. The method is also applicable to other goods. The method uses shape restrictions derived from …
Persistent link: https://www.econbiz.de/10010288427
Persistent link: https://www.econbiz.de/10010505381
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
Persistent link: https://www.econbiz.de/10011897930