This paper provides a critical review of the demand for money estimation. In doing so, first we explain the main effective factors on the demand for money on the light of monetarists, which those are: transaction demand for money and opportunity cost of holding money. Then I have done a short report about the existing studies on the demand for money in the Iranian economy and have a special att...

as an industrial crop, sugar beet plays an important role in meeting domestic demand for sugar. given the higher level of imported sugar iniran, the application of protectionist policies is an approach for supplying required sugar. one of these policies is technological improvement. in order to study the effect of this policy, sugar beet supply and demand equations in 1971-2008 were fitted by t...

We estimate the slope of the demand curve for newly auctioned FHLB discount notes and investigate the impacts of arbitrage risk and heterogeneity of investor beliefs on demand elasticity. Our unique dataset of roughly 2,900 observations of two price-quantity pairs—the first from a pre-auction dealer survey, the second from actual auction results—provides the quantity shift necessary to identify...

Incorporating a household’s net sale status into a rearranged Slutsky equation with combined ordinary and endowment income effects, this paper aims to reinterpret the income elasticity of demand in the case of buying and selling and to associate it with types of goods in a novel manner. To this end, the Deaton’s (1989) net benefit ratio (NBR) approach is expressed as the difference between orig...

production subsidies, as a part of the strategy of economic growth of the agricultural sector, are of great importance around the world. subsidizing production inputs, particularly energy input, is another way of directing subsidy to the agricultural sector. in this research, production function of the agricultural sector was estimated using econometric methods and time series data. after calcu...

In recent years, a growing body of the literature in international trade tried to investigate whether openness has been increasing labour demand elasticities. From a labour theory perspective in partial equilibrium, the Allen-Hamermesh theoretical framework became one of the few general frameworks to refer to1. This theory states that labour demand elasticity should be positively affected by it...

The impacts of choice in public services are controversial. We exploit a reform in the English National Health Service to assess the impact of relaxing constraints on patient choice. We estimate a demand model to evaluate whether increased choice increased demand elasticity faced by hospitals with regard to clinical quality and waiting time for an important surgical procedure. We find substanti...

selection of best demand model for explaining of consumer behaviour is one of the most important issues in microeconomic. in this paper we introduce aids[1],cbs[2], nbr[3] and rotterdam model and estimate these models by iranian urban households data for period 1973-2012.seemingly unrelated regression method is chosen for estimation of 5 groups of commodities including food, housing, clothing, ...