Abstract: On December 2010, the government of Iran ended the decades-long subsidy program for bread and energy products and launched the Targeted Subsidy Reform program that considerably raised prices of food products. The objective of the study was to measure welfare impacts of food price changes on Iranian urban households between two survey data of 2009/10 and 2011/12 which were taken from I...

The economic transition in China poses new questions in studying product demand. In this study, we investigate the demand pattern and structural changes during the economic transformation using annual data from the paper and paperboard industry in China. Instrumental variable estimations as well as cointegration analysis and error-correction models are applied to the analysis. Our results show ...

In this paper, the price elasticity of electricity demand, representing the sensitivity of customer demand to the price of electricity, has been estimated for South Australia. We first undertake a review of the scholarly literature regarding electricity price elasticity for different regions and systems. Then we perform an empirical evaluation of the historic South Australian price elasticity, ...

This paper takes a different approach to estimating demand for medical care that uses the negotiated prices between insurers and providers as an instrument. The instrument is viewed as a textbook "cost shifting" instrument that impacts plan offerings, but is unobserved by consumers. The paper finds a price elasticity of demand of around -0.20, matching the elasticity found in the RAND Health In...

Abstract: Central banks have long been interested in obtaining precise estimations of money demand given the fact that the evolution of money demand plays a key role over several monetary variables. One implication of currency substitution is that the exchange rate could serve as another determinant of the demand for money. Due to the recent currency crisis in Iran, it would be important to inv...

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% ...

demand for farm output is theoretically consistent with consumer demand and marketing performance. many studies have focused on demand interrelationships at the retail level, but not on the demand for farm output. in this study, derived demand elasticities of sheep, beef and chicken were estimated in a complete system of demand functions by seemingly unrelated regression estimator (sure) for th...

In this paper, a model for hybrid transmission expansion planning (TEP) and reactive power planning (RPP) considering demand response (DR) model has been presented. In this study RPP considered by TEP for its effects on lines capacity and reduction of system expansion costs. On the other hand the expansion of the transmission system is an important subject, especially dealing with the new i...