IS THE PRICE ELASTICITY OF MONEY DEMAND ALWAYS UNITY?

The Price Elasticity of Marijuana Demand

This paper uses crowd-sourced transaction data from a cross-section of the US to examine demand for marijuana. State and regional variations in consumption, price and quality are explored. Price elasticity of demand estimates range between -0.3 and -0.6. Noticeable price differences are found between high, medium, and low quality marijuana, with high quality marijuana, at $13.57 per gram, 144% ...

Master Price elasticity of demand for cigarettes

Ipu Bibliography: Price Elasticity of Electricity Demand

" …the price of electricity was found to be a significant determinant of electricity demand in most cases with the expected inverse relationship (higher prices mean less consumption).The results provided no evidence that the responsiveness of Ontario industrial demand to the price of electricity during time periods when demand is the strongest has strengthened since market opening except, perha...

Price Elasticity of Demand in the High Speed Rail Lines

Reduced travel time, regional cohesion, economic development and environmental benefits were some of the reasons given to develop the High Speed network in Spain, the largest in Europe. Ever since the opening of the first High Speed line in 1992, High Speed Rail (HSR) have become a new travelling experience despite the fact that in the recent years several voices have raised concerns over a lac...

An Elasticity Approach to the Newsvendor with Price-Sensitive Demand

We introduce a measure of elasticity of stochastic demand, called the elasticity of the lost-sales rate, which offers a unifying perspective on the well-known newsvendor with pricing problem. This new concept provides a framework to characterize structural results for coordinated and uncoordinated pricing and inventory strategies. Concavity and submodularity of the profit function, as well as s...