Fresh fruits and vegetables are perceived to be nutritious and healthy, but more costly than some less nutritious foods. Supermarket scanner data are used to analyze the purchase behavior of higherand lower-income consumers for produce. Eight sub-categories of fruit are identified; six of vegetables. A SUR model is specified and used to estimate a series of own-price and cross-price elasticitie...

We model demand for four cephalosporins and compute own- and cross-price elasticities between branded and generic versions of the four drugs. We model demand as a multistage budgeting problem, and we argue that such a model is appropriate to the multistage nature of the purchase of pharmaceutical products, in particular the prescribing and dispensing stages. We find quite high elasticities betw...

water markets are instrumental in efficient allocation and pricing of scarce water by enhancing allocative and price efficiency of water use. the prerequisites for water market formation are tradable water rights independent from ownership of the land, extensive water canals, water use associations, and adequate market regulations. mojen water market has been facilitating exchange of alternativ...

In light of proposals to improve diets by shifting food prices, it is important to understand how price changes affect demand for various foods. We reviewed 160 studies on the price elasticity of demand for major food categories to assess mean elasticities by food category and variations in estimates by study design. Price elasticities for foods and nonalcoholic beverages ranged from 0.27 to 0....

D price promotions generate additional revenue and for whom? Which brand, category, and market conditions influence promotional benefits and their allocation across manufacturers and retailers? To answer these questions, we conduct a large-scale econometric investigation of the effects of price promotions on manufacturer revenues, retailer revenues, and total profits (margins). A first major fi...

T H E desirability as wel l as the difficulty o f obtaining reliable estimates o f import demand elasticities is clearly demonstrated by the extensive literature on the subject during the last few decades. Interest i n price elasticities o f import demand originated in Marshall's [14] discussion o f the possibility o f a devaluation causing a deterioration rather than an improvement in the bala...

This paper uses individual loan data for a national lender to estimate loan price elasticities across loan products and racial groups. The data contain detail on closing dates and prices, enabling control for market volatility and construction of pseudo-prices for foregone products. The empirical model is a mixed multinomial and conditional logit which is rooted in a structural utility framewor...

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We estimate a carbon mitigation cost curve for the U.S. commercial sector based on econometric estimation of the responsiveness of fuel demand and equipment choices to energy price changes. The model econometrically estimates fuel demand conditional on fuel choice, which is characterized by a multinomial logit model. Separate estimation of end uses (e.g., heating, cooking) using the U.S. Commer...

Temporary price reductions (sales) are common for many goods and naturally result in large increases in the quantity sold. Demand estimation based on temporary price reductions may mismeasure the long-run responsiveness to prices. In this paper we quantify the extent of the problem and assess its economic implications. We structurally estimate a dynamic model of consumer choice using two years ...