Applying the Hierarchical Bayesian Regression model to weekly aggregated sales history data from 92 retail stores located around Tokyo, I calculated price elasticities by item, week, and store. These elasticities are more stable than figures calculated using the Hierarchical Regression or Bayesian Regression models. Furthermore, using Google Earth, I visualized the calculated price elasticities...

The main objective of this paper is to contribute to the literature on employment-GDP elasticities by assessing the determinants of cross-country variations in employment elasticities, focusing particularly on the role of demographic and macroeconomic variables. Long-term employment– GDP elasticities are estimated using an unbalanced panel of 90 developing countries from 1991 to 2011 using a tw...

Entropy production in industrial economies involves heat currents, driven by gradients of temperature, and particle currents, driven by specific external forces and gradients of temperature and chemical potentials. Pollution functions are constructed for the associated emissions. They reduce the output elasticities of the production factors capital, labor, and energy in the growth equation of t...

(ABSTRACT In this paper we present estimates of income, wage rate, and s~bstit~tiQn elasticities for several gro~ps of old~r men and women. For the most part, the res~lts are consistent with a priori expectations. In general the income effects are negative and the s~bstit~tion effects are positive. As expected, the elasticities for older men and women are larger than those for prime age married...

This paper uses CPS data to examine changes in single women’s labor supply elasticities in recent decades. Specifically, the authors investigate trends in how single women’s hours of work and labor force participation rates responded to both wages and income over the years 1979–2003. Results from the base specification suggest that over the observation period, hours wage elasticities decreased ...

Non-technical summary Global income inequality and energy consumption are related. High-income households consume more than low-income ones, for different purposes. Here, we explore the global household implications of redistribution. We show that shapes not only inequalities but quantity composition overall demand. Our results call inclusion distribution into system models, as well climate pol...

The ratio estimator of the markup is output elasticity for a flexible input to that input’s cost share in total revenue. We highlight identification and estimation issues pertaining this estimator, when firm-level prices are not observed. If revenue used place elasticity, then profit maximization implies identically equal one, thus uninformative about markups. Concerning elasticities: with only...

Estimating the degree of substitution between energy and non-energy inputs is key for any evaluation of environmental and energy policies. Yet, given the large variety of substitution elasticities, the central question arises as to which measure would be most appropriate. Apparently, ALLEN’s elasticities of substitution have been the most-used measures in applied production analysis. In line wi...

Estimating the degree of substitution between energy and non-energy inputs is key for any evaluation of environmental and energy policies. Yet, given the large variety of substitution elasticities, the central question arises as to which measure would be most appropriate. Apparently, ALLEN’s elasticities of substitution have been the most-used measures in applied production analysis. In line wi...