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 ...

Overview The decision whether and how to adjust poverty thresholds for area differences in prices depends, among other things, on the reasons that prices differ across metropolitan areas and what one believes a threshold ought to measure. 1 If one starts with the premise that a poverty threshold ought to provide the same purchasing power across markets; that is, enable one to buy the same bundl...

The price transmission from the international market to the domestic market of tunas was investigated in the present research. For this purpose, the elasticity of substitution between tuna imports with goods produced in Iran (Armington Elasticity) was calculated. Armington elasticity reflects a degree of substitution between commodities produced domestically and those produced abroad. A greater...

M literature has long recognized that brand price elasticity need not be monotonic and symmetric, but has yet to provide generalizable market-level insights on threshold-based price elasticity, asymmetric thresholds, and the sign and magnitude of elasticity transitions. This paper introduces smooth transition regression models to study threshold-based price elasticity of the top 4 brands across...

In this paper, the price elasticity of electricity demand, representing the sensitivity of customer demand to the price of electricity, has been estimated for South Australia. We first undertake a review of the scholarly literature regarding electricity price elasticity for different regions and systems. Then we perform an empirical evaluation of the historic South Australian price elasticity, ...

Objectives. The study seeks to provide comparative global evidence on the role of income inequality, relative to income growth, in poverty reduction.Methods. An analysis-of-covariance model is estimated using a large global sample of 1980–2004 unbalanced panel data, with the headcount measure of poverty as the dependent variable, and the Gini coefficient and PPP-adjusted mean income as explanat...

implementation of effective input policies and technology consistent with production structure contributes to the economic use of the production. understanding the price elasticity of input and relationship between inputs in the agricultural sector is helpful in choosing appropriate input policy. in this study we examine the production structure of pistachio in damghan. to achieve the goal, tra...

The importance of pricing decisions for firms has fueled an extensive stream of research on price elasticities. In an influential meta-analytical study, Tellis (1988) summarized price elasticity research findings until 1986. Empirical generalizations on price elasticity, however, require modifications because of: a) changes in market characteristics, i.e. characteristics of brands, product cate...

the main goal of this study was to investigate the way of affecting of water in production of cucumber. from aspect of econometrics, mutual relationships of production function and expenses have been analyzed in which translog cost function has been used. this function has been estimated using the conditional input demand functions, the shefard theorem, chemical fertilizer, animal fertilizer, l...

abstract export of nonoil goods in economic activities is so important and its effect on economic and comparative growth is undeniable. so, emphasize on agricultural sector and development of export in this sector prepares good conditions, for iran, to be present at international markets relying its advantages. the study tries to recognize necessary policies to enhance agricultural export poten...