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...

A Nonparametric Examination of Capital-Skill Complementarity This paper uses nonparametric kernel methods to construct observation-specific elasticities of substitution for a balanced panel of 73 developed and developing countries to examine the capital-skill complementarity hypothesis. The exercise shows some support for capital-skill complementarity, but the strength of the evidence depends u...

This note estimates the long-run demand for skilled and unskilled labor using panel data for Colombian manufacturing plants. Unobserved heterogeneity and measurement error problems that commonly arise in microdata production estimates are examined. Output measurement errors cause OLS estimators to underestimate the output and wage response of employment demand. Time-difference estimators exagge...

The energy use increases rapidly due to growth in population, urbanization, and economic growth. Residential electricity consumption has an important place in the rapidly growing electricity consumption in India. Most of the studies that are carried out for energy planning in India, use macrolevel data for the estimation of price and income elasticities of electricity demand. The present study ...

This paper develops the Latent Symmetric Elasticity Structure (LSES), a market share price elasticity model which allows elasticities to be decomposed into two components: a symmetric substitution index revealing the strength of competition between brand pairs, and a brand-specific coefficient revealing the overall impact of a brand on its competitors. An application of the model to unconstrain...

T H E desirability as wel l as the difficulty o f obtaining reliable estimates o f import demand elasticities is clearly demonstrated by the extensive literature on the subject during the last few decades. Interest i n price elasticities o f import demand originated in Marshall's [14] discussion o f the possibility o f a devaluation causing a deterioration rather than an improvement in the bala...

Health care is neither "a necessity" or "a luxury"; it is "both" since the income elasticity varies with the level of analysis. With insurance, individual income elasticities are typically near zero, while national health expenditure elasticities are commonly greater than 1.0. The debate over whether health care is or is not a luxury good arises primarily from the failure to specify levels of a...

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...

The relationship between income and willingness to pay for collectively provided publicrenvironmental goods is investigated. We show that while the income elasticity of willingness to pay and the ordinary income elasticity of demand are related, knowledge of one is insufficient to determine the magnitude or even the sign of the other. The income elasticity of willingness to pay is influenced by...

Abstract We estimate the elasticities of most important tax categories using a new quarterly database discretionary measures for USA, Germany, and United Kingdom over period 1980Q1 to 2018Q2. Employing Romer Romer’s (2009) narrative approach, we construct policy-neutral dataset based on revenue figures from governmental records. Using this quantitative information, are able subtract policy-indu...