In this paper, we study the role of price correction in estimating the impact of price subsidies and anti-poverty cash transfer schemes on poverty in Tunisia. Three types of price corrections are considered: (a) no corrections; (b) living standards deflated by spatial Laspeyres price indices; (c) living standards deflated by true price indices that are estimated from a quadratic almost ideal de...

in this study, first we evaluate the total amount of support for domestic cotton (ams) for the years 1988 to 1999. then, using time series data for the study years, translog cost function was constrained. having calculated the price elasticity of demand for farm inputs, farmers’ reactions to price changes due to the price liberalization were identified. the results of study showed that in the w...

An important determinant of option prices is the elasticity of the pricing kernel used to price all claims in the economy. In this paper, we rst show that for a given forward price of the underlying asset, option prices are higher when the elasticity of the pricing kernel is declining than when it is constant. We then investigate the implications of the elasticity of the pricing kernel for the ...

Present study investigates the effect of soaring residential electricity price on the welfare of rural individuals in Guilan Province by Almost Ideal Demand System (AIDS) in which the elasticity’s and welfare variations were calculated by Compensation Variations (CV) and Equivalent Variations (EV) for the time period of 1991-2012. It was shown that the absolute value of income and price elastic...

An important determinant of option prices is the elasticity of the pricing kernel used to price all claims in the economy. In this paper, we rst show that for a given forward price of the underlying asset, option prices are higher when the elasticity of the pricing kernel is declining than when it is constant. We then investigate the implications of the elasticity of the pricing kernel for the ...

An important determinant of option prices is the elasticity of the pricing kernel used to price all claims in the economy. In this paper, we first show that for a given forward price of the underlying asset, option prices are higher when the elasticity of the pricing kernel is declining than when it is constant. We then investigate the implications of the elasticity of the pricing kernel for th...

This paper examines the smoking behavior in China using the urban data set from the 1995 Chinese Household Income Study. We investigate the two parts of elasticity through employing two main models. We find the estimate of overall cigarette price elasticity is –0.654 by combining the estimates of participation elasticity and conditional elasticity. The result implies that people still care abou...