This paper considers the application of various models of consumer demand to United Kingdom time series from 1900 to 1970. As well as testing the various forms of the "Rotterdam" model, reparametrization of that system is carried out in order to test the linear expenditure system and the direct addilog system on an exactly comparable basis. A further variant of the Rotterdam model is also intro...

AT&T's long distance prices are regulated in order to avoid supracompetitive pricing. This rationale presumes that AT&T possesses sufficient market power to raise prices substantially above marginal cost. This paper estimates firm specific demand elasticities for AT&T and the other large long distance companies using monthly data for 1988 through 1991 from five states. Lerner indices are calcul...

Domestic tourism has an important role in socio-economic development in several ways including creating jobs and improving income distribution. Although several researcheshave been done on tourism demand, a small proportion of them have been on domestic tourism. In this paper, the price and expenditure elasticities of the household demand for domestic tourism in Iran, focusing on the case of Ha...

This paper estimates a demand system of food commodities based on the Vietnamese household survey data. When estimating consumer behaviour for developing economies, one of the problems that researchers often come across is the unavailability of price data. A common practice has been to use unit values, ratios of expenditures to quantities purchased, as proxies for market prices. However, Deaton...

The authors derive an expression for the price elasticity of demand in the presence of reference price effects that includes a component resulting from the presence of gains and losses in consumer evaluations. The effect of reference price is most noticeable immediately after a price change, before consumers have had time to adjust their reference price. As a result, immediate-term price elasti...

This paper examines the effects of measurement errors in household shopping plans and price beliefs on the estimates of price elasticities in retail outlet choice. Previous studies parsimoniously use realized purchases as a proxy for unobserved shopping lists and assume homogenous price expectation across all households and over the entire sample period. This measurement error in forecasting ex...

Since China accelerated its market oriented economic reforms at the end of 1992, its energy intensity has declined 3.6% annually over 1993–2005. However, its energy intensity declined 4.2% annually during its first reform period 1979–1992. Therefore, can we conclude that the accelerated marketization since the end of 1992 has made no contribution to its energy efficiency improvement? In order t...

Prices play a great role in living economics. act as signals for shortages and surpluses which help government, firms, consumers to respond changing market conditions. The study was conducted at NAARM, Hyderabad. period from 1990–91 2018–19. Trends, growth rates, terms of trade, instability, elasticities, domestic international agriculture price analysis were employed achieving objectives. An i...

Timber supply has traditionally been modelled using aggregate data. In this paper, we build aggregate supply models for four roundwood products for the US state of North Carolina from a stand-level harvest choice model applied to detailed forest inventory. The simulated elasticities of pulpwood supply are much lower than reported by previous studies. Cross price elasticities indicate a dominant...

The A.C. Nielson household scanner panel is used to analyze factors affecting brand-size choices for spaghetti. These data link product purchases, which are scanned, with household demographics and market information on the store where purchased. A multinominal logit model and a nested logit model are specified and estimated. In addition to the effects of inventory and brand loyalty, the most i...