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...

AGGREGATION EFFECTS ON PRICE AND EXPENDITURE ELASTICITIES IN A QUADRATIC ALMOST IDEAL DEMAND SYSTEM Frank T. Denton and Dean C. Mountain

Developments in U.S. house prices over the past decade mirror those of 1996–2006 boom. Construction activity has, however, been weak. Using data for 254 metropolitan areas, we show that housing supply elasticities have fallen markedly recent years. We find declined more areas which land-use regulation has tightened most, and experienced sharpest busts. Consistent with declining elasticities, mo...

I develop a structural model of urban travel to estimate long-run gasoline price elasticities. the demand for transportation services using dynamic discrete-choice with switching costs and it panel dataset public market-level data on automobile transit use in Chicago. Long-run own- (automobile) cross- (transit) elasticities are substantially more elastic than short-run Elasticity estimates from...

We estimate the elasticities of most important tax categories using a new quarterly database discretionary measures for United States, Germany, and 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-induced ...

This paper provides an empirical analysis of the effects of weight-based pricing in the collection of household waste. Using a comprehensive panel data set on all households in a Dutch municipality we estimate short-run as well as long-run price effects for the amounts of both compostable and non-recyclable household waste. We find significant and sizeable price effects, with the elasticity for...

This paper develops a production function which two separate elasticities of substitution between two input factors. One of these elasticities is obtained if the factor intensity equals a particular baseline value. The second part of the paper gives an economic application and shows the theoretical properties of this production function regarding the development of relative capital intensities ...

We measure the impact of measurement error in labor-supply elasticities estimated over recalled usual work hours, as is ubiquitous in the literature. Employing hours of work in diaries collected by the American Time Use Survey, 2003-12, along with the same respondents’ recalled usual hours, we show that the latter yield elasticities that are positively biased. We argue that this bias arises fro...

Previous research has reported that the real estate market for retail space is slow to adjust, however, comparatively little research has investigated the supply of retail space for individual metropolitan markets. This study presents our findings by metropolitan statistical area (MSA) of the mean retail space supply lag, the shortand long-run retail space supply elasticities with respect to re...