Demand theory can be applied to analyse how a human or animal consumer changes her selection of commodities within a certain budget in response to changes in price of those commodities. This change in consumption assessed over a range of prices is defined as demand elasticity. Previously, income-compensated and income-uncompensated price changes have been investigated using human and animal con...

The authors "present estimates of the elasticity of demand for labor [in the United States] by region for the manufacturing sector....A brief theoretical framework for analyzing the demand for labor is presented.... This framework is used to develop a model that is well suited to analyze interregional differences in the elasticity of demand for labor....[It is] shown that there are significant ...

This paper investigates the demand elasticity of search. We provide a new characterization of monotone hazard rate and of the first-order condition determining the optimal reservation price, and prove that the demand for information is elastic if the hazard rate function h for the distribution of offers is decreasing and inelastic if h is increasing.  2000 Elsevier Science S.A. All rights rese...

An elasticity summarizes a large amount of information in a single number. Levels and distribution of incomes, price levels of the specific good and of substitute and complementary goods, preferences and tastes, transaction costs, etc., can, ceteris paribus, affect the measured value of any particular demand-price elasticity. The elasticity concept normalizes for the measurement scales (e.g., p...

the effects of cutting subsidy on broiler production in kerman province were investigated after privitization. in this regard a random sample of 32 poultry farms in kerman were chosen and the farmers were interviewed. the unit- output - price profit function model was used to determine the supply and demand elasticity of broider products. the results show that the profit of poultry farms increa...

This paper is an endeavor to quantify the concept of sustainable transportation. The prevailing idea in the context of sustainable development (SD) emphasizes on the reduction of transportation demand in order to reduce the environmental and social consequences of it. Nevertheless, in the current paper using a measure for SD, and based on the conformity of the growths of all sectors with transp...