Income and price elasticity of demand quantify the responsiveness of markets to changes in income and in prices, respectively. Under the assumptions of utility maximization and preference independence (additive preferences), mathematical relationships between income elasticity values and the uncompensated own and cross price elasticity of demand are here derived using the differential approach ...

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...

BACKGROUND Emerging infectious diseases continue to pose serious threats to global public health. So far, however, few published study has addressed the need for manpower reallocation needed in hospitals when such a serious contagious outbreak occurs. AIM To quantify the demand elasticity of the major surgery types in order to guide future manpower reallocation during contagious outbreaks. ...

consumption of dairy products in terms of the health and economic terms is very important. the analysis of consumer behavior can help to take policies consistent and correct in this regard. in this study the demand for milk, yogurt and cheese was estimated by using time series data related to 1984-2009 in the framework of the idea of an almost ideal demand system. the results showed that all of...

The growing interest towards internet-inspired research for power transmission and distribution invariably encounters the barrier of energy storage. Limitations of energy storage can be offset, to a degree, by reliable forecasting of granular demand leading to judicious scheduling involved and incentivized by appropriate pricing signals. The anticipation of energy demand and future system state...

The analysis of collusion in infinitely repeated Cournot oligopoly games has generally assumed that demand is linear, but this note uses constant−elasticity demand functions to investigate how the elasticity of demand affects the sustainability of collusion. Citation: Collie, David, (2004) "Collusion and the elasticity of demand." Economics Bulletin, Vol. 12, No. 3 pp. 1−6 Submitted: January 22...