This paper takes a different approach to estimating demand for medical care that uses the negotiated prices between insurers and providers as an instrument. The instrument is viewed as a textbook "cost shifting" instrument that impacts plan offerings, but is unobserved by consumers. The paper finds a price elasticity of demand of around -0.20, matching the elasticity found in the RAND Health In...

We estimate the slope of the demand curve for newly auctioned FHLB discount notes and investigate the impacts of arbitrage risk and heterogeneity of investor beliefs on demand elasticity. Our unique dataset of roughly 2,900 observations of two price-quantity pairs—the first from a pre-auction dealer survey, the second from actual auction results—provides the quantity shift necessary to identify...

price is one of the four elements of marketing mix. one of the important decisions any business faces is select pricing strategies that can be effective in achieving company goals. pricing methods are generally divided into cost-based and value-based methods. considering that the marginal cost of information goods is zero, the pricing methods of these goods is value-based. in this study, mtn ir...

In recent years, a growing body of the literature in international trade tried to investigate whether openness has been increasing labour demand elasticities. From a labour theory perspective in partial equilibrium, the Allen-Hamermesh theoretical framework became one of the few general frameworks to refer to1. This theory states that labour demand elasticity should be positively affected by it...

The impacts of choice in public services are controversial. We exploit a reform in the English National Health Service to assess the impact of relaxing constraints on patient choice. We estimate a demand model to evaluate whether increased choice increased demand elasticity faced by hospitals with regard to clinical quality and waiting time for an important surgical procedure. We find substanti...

The importance of drug as a valuable export product in the global economy becomes more clear every day. Understanding the problems of exports and factors affecting it, can be an important step to keep Iran’s position in the world markets and further export development of this product.In this study, Iranian pharmaceutical exports’ supply and demand functions were calculated using co-integration ...

liberalization of energy price increases costs of agricultural inputs and costs of agricultural production. all these changes may affect the overall competitiveness of domestic products with similar foreign products. as a result of that, total cost of agricultural products are increased and profitability are decreased. in this paper, energy consumption for producing corn were calculated using c...

We introduce a measure of elasticity of stochastic demand, called the elasticity of the lost-sales rate, which offers a unifying perspective on the well-known newsvendor with pricing problem. This new concept provides a framework to characterize structural results for coordinated and uncoordinated pricing and inventory strategies. Concavity and submodularity of the profit function, as well as s...