Efforts to reduce energy use and environmental damage in China require an understanding of the rapidly rising demand for energy. Household use of fuels, electricity and gasoline has changed dramatically in response to rising incomes, changing prices and changing demographics. We estimate income and price elasticities for these energy types using a two-stage budgeting method, applying the AIDS m...

This study estimates a set of unconditional own-price and expenditure elasticities across time for 49 processed food categories using scanner data and the FAST multistage demand system with fixed effects across time. Estimated own-price elasticities are generally much larger, in absolute terms, than previous estimates, while our expenditure elasticities are generally much lower. The use of disa...

The objective of this article is to estimate the own-price, cross-price and income elasticities of demand for SSB in Ecuador, as an indispensable step for predicting a reduction in the consumption of said beverages caused by the potential implementation of taxes in Ecuador. In addition, the own-price, cross-price and income elasticities of sugar-free substitutes like mineral water and diet soft...

The introduction of the Euro has been accompanied by the hope that intra-EMU trade would increase and that prices would converge due to increased elasticities of international substitution. This paper contributes to the literature on the Euro’s effects on international trade by analyzing price elasticities in international trade flows between Germany and France and between Germany and the Unite...

This paper presents an oil price cartel model. The aggregate reaction functions for non-cartel producers and for substitute suppliers are included. The former group acts as a price-taker, while the latter expects oil prices in production of its non-oil energy resources. This expectation about prices affects a cartel’s oil demand and, thus, gives intertemporal price elasticities It turns out tha...

Price and Income Elasticities Estimated From BLS Consumer Expenditure Surveys and ACCRA Price Data Lester D. Taylor University of Arizona* This paper represents a low-key effort to estimate both price and income elasticities for several broad categories of expenditure from cross-sectional data sets that combine price information collected by ACCRA with the BLS Consumer Expenditure Surveys. Sixt...

Estimating the degree of substitution between energy and non-energy inputs is key for any evaluation of environmental and energy policies. Yet, given the large variety of substitution elasticities, the central question arises as to which measure would be most appropriate. Apparently, ALLEN’s elasticities of substitution have been the most-used measures in applied production analysis. In line wi...

Estimating the degree of substitution between energy and non-energy inputs is key for any evaluation of environmental and energy policies. Yet, given the large variety of substitution elasticities, the central question arises as to which measure would be most appropriate. Apparently, ALLEN’s elasticities of substitution have been the most-used measures in applied production analysis. In line wi...