This paper studies the dynamic behavior of price elasticity and its effects on the overall profit. Although price elasticity has a significant effect on sales, its dynamics have not been examined so far in pricing models. In this paper, a simple pricing model is suggested in which, price elasticity is considered dynamic. The suggested pricing model is concerned with a monopolist that its object...

As an important growth point of Qinghai’s economic development, tourism has become increasingly prominent in its contribution to the development national economy and one most dynamic industries province. Based on relevant data from 2001 2018, this paper explores influencing factors revenue Qinghai Province by constructing error correction model combining Granger causality test. The research res...

This paper focuses on the cross elasticity of supply concept and incidentally on the cross elasticity of demand concept. The author reviews a body of contemporaneous and older textbooks in intermediate microeconomics and industrial organization/public policy and finds that cross elasticity of supply is and has been seldom discussed in such textbooks, while cross elasticity of demand tends to be...

A FETI-DP formulation for three dimensional elasticity problems on non-matching grids is considered. To resolve the nonconformity of the finite elements, a mortar matching condition is imposed on subdomain interfaces. The mortar matching condition are considered as weak continuity constraints in the FETIDP formulation. A relatively large set of primal constraints, which include average and mome...

Identifying the factors that influence electricity demand in the continental United States and mathematically characterizing them are important for developing electricity consumption projections. The price elasticity of demand is especially important, since the electricity price effects of policy implementation can be substantial and the demand response to policy-induced changes in prices can s...