Estimating demand elasticities of meat demand in Slovakia

Alternative Techniques of Estimating Import Demand Elasticities

T H E desirability as wel l as the difficulty o f obtaining reliable estimates o f import demand elasticities is clearly demonstrated by the extensive literature on the subject during the last few decades. Interest i n price elasticities o f import demand originated in Marshall's [14] discussion o f the possibility o f a devaluation causing a deterioration rather than an improvement in the bala...

Estimating demand elasticities using nonlinear pricing

☆ Particular thanks to Patrick Bajari and Robert Town. Meghan Busse, Meg Henkel, Thomas Holmes, Ginger Jin Connan Snider, Kevin Wiseman, and Thomas Youle for he ⁎ Tel.: +1 336 758 4495. E-mail address: [email protected]. 1 See for example, Reiss and White (2002), Herriges a (1992) in electricity, Szabo (2010) and Diakite et al. (20 and Grubb and Osborne (2012), Reiss and White (2006 Huang (2008) ...

Estimating a Demand System with Nonnegativity Constraints: Mexican Meat Demand

A new information-based approach for estimating systems of many equations with nonnegativity constraints is presented. This approach, called generalized maximum entropy (GME), is more practical and efficient than traditional maximum likelihood methods. The GME method is used to estimate an almost ideal demand system for five types of meat using cross-sectional data from Mexico, where most house...

Price and income elasticities of demand for red meat in iran 1959-1986

Demand Elasticities for Highway Travel

An elasticity summarizes a large amount of information in a single number. Levels and distribution of incomes, price levels of the specific good and of substitute and complementary goods, preferences and tastes, transaction costs, etc., can, ceteris paribus, affect the measured value of any particular demand-price elasticity. The elasticity concept normalizes for the measurement scales (e.g., p...