This paper applies an extended version of the superior goods model to the UK car market. The model involves the estimation of separate equations for the demand for new cars and the rental price of used cars. We have allowed for the direct influence of quality on car demand by using a measure derived from hedonic price equations. We have employed three measures of the user cost, reflecting diffe...

OBJECTIVES To analyse a policy dilemma in China on public health versus the tobacco economy through additional cigarette tax. METHODS Using published statistics from 1980 through 1997 to estimate the impact of tobacco production and consumption on government revenue and the entire economy. These estimates relied on the results of estimated price elasticities of the demand for cigarettes in Ch...

The food demand in India has been examined in the context of a structural shift in the dietary pattern of its population. The results have reinforced the hypothesis of a significant diversification in the dietary pattern of households in recent years and has found stark differences in the consumption pattern across different income quartiles. The food demand behaviour has been explained using a...

This paper estimates a demand system of food commodities based on the Vietnamese household survey data. When estimating consumer behaviour for developing economies, one of the problems that researchers often come across is the unavailability of price data. A common practice has been to use unit values, ratios of expenditures to quantities purchased, as proxies for market prices. However, Deaton...

In early 2013 rumors about the Euro-appreciation gained momentum, which may lead to decreases in exports and increases in imports of the member states. Therefore, we investigate the impact of changes in the nominal Euro exchange rate vis-à-vis major currencies on export and import performance of nine different Euro-area-countries. To disentangle the “true” equilibrium elasticities SURE system e...

W study three determinants of the levels of price and detailing effort across geographic markets: the withinmarket response to each variable, the nature of interfirm strategic interactions both within that market and across markets. We empirically examine the interactions of Prozac, Zoloft, and Paxil across the United States, the United Kingdom, Germany, France, and Italy. Our results indicate ...

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...

Problem/Question to be Addressed: During the 1990s, government has introduced free choice of sickness funds and a new risk-adjustment scheme in the social health insurance scheme of Germany. Price competition is supposed to increase incentives for sickness funds to act as prudent buyers of health services on behalf of their enrollees. A crucial precondition for effective price competition is th...

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...

T his article examines cross-price promotional effects in a dynamic context. Among other things, we investigate whether previously established findings hold when consumer and competitive dynamics are taken into account. Five main influential effects (asymmetric price effect, neighborhood price effect, asymmetric share effect, neighborhood share effect, and private label versus national brand as...