This paper provides a critical review of the demand for money estimation. In doing so, first we explain the main effective factors on the demand for money on the light of monetarists, which those are: transaction demand for money and opportunity cost of holding money. Then I have done a short report about the existing studies on the demand for money in the Iranian economy and have a special att...

The main purpose of this study was to determine the factors affecting the export of flowers in Iran. After data collection using by the index of Revealed Comparative Advantage (RCA), the condition of business of flowers in Iran was compared with a number of countries exporting the product. According to the results of study, the small elasticity of the exportation price in the function of export...

this paper provides a critical review of the demand for money estimation. in doing so, first we explain the main effective factors on the demand for money on the light of monetarists, which those are: transaction demand for money and opportunity cost of holding money. then i have done a short report about the existing studies on the demand for money in the iranian economy and have a special att...

Incorporating a household’s net sale status into a rearranged Slutsky equation with combined ordinary and endowment income effects, this paper aims to reinterpret the income elasticity of demand in the case of buying and selling and to associate it with types of goods in a novel manner. To this end, the Deaton’s (1989) net benefit ratio (NBR) approach is expressed as the difference between orig...

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...

the main purpose of this study is to determine welfare impacts of trade liberalization on maize market. for this purpose, we used from time series data for the period 1961/2009 and estimated domestic supply, domestic demand and import demand for maize. results of estimation showed that price elasticity of supply and demand is 0.32 and -0.25, respectively. then, by means of these elasticities, w...

Recent empirical evidence shows the Law of One Price does not exist in online environment despite the unprecedented amount of price transparency. The failure of Law of One Price has been attributed to search costs, brand loyalty and other kinds of “market frictions” that enable retailers to keep some of their customers even if they don’t charge the lowest price in the market. While the presence...

The author is an economist with the Bureau of Economics, Federal Trade Commission. The views expressed in this study are those of the author and do not necessarily reflect the views of the Commission or any individual Commissioner. iv EXECUTIVE SUMMARY This study assesses empirically the competitiveness of the long distance telephone market. To do so, it estimates firm-specific long-run demand ...

There is a substantial controversy in the economic literature over the magnitude of the expenditure elasticity for food grain in China that is caused, to a large extent, by whether time-series or cross-section data are used in the analysis. A set of reasonable elasticities for a complete demand system is estimated by using a panel of county level data in Guangdong Province for the last ten year...

We estimate a random utility model of demand to measure consumer response to package downsizing in consumer goods markets. To our knowledge this paper provides the first estimates of consumer response to package size. We perform the analysis using Nielsen Homescan data on bulk ice cream purchases of a panel of households in Chicago, between 1998 and 2007. The estimation framework involves model...