Domestic tourism has an important role in socio-economic development in several ways including creating jobs and improving income distribution. Although several researcheshave been done on tourism demand, a small proportion of them have been on domestic tourism. In this paper, the price and expenditure elasticities of the household demand for domestic tourism in Iran, focusing on the case of Ha...

Recent literature on tobacco taxation suggests that optimal tax rates should be very high. But such high taxes raise concerns over regressivity. Most econometric estimates of elasticities by income group use historic price data that are low, and the usefulness of such estimates is therefore questionable on account of the serious 'out of sample' prediction problem. To address that problem, this ...

In this paper, we estimate own-price elasticities for fixed network voice telephony access and national calls services for private users as well as cross-price elasticities to mobile services using time series data from 2002-2007 from the Austrian market. Using instrumental variable estimates and considering cointegration, we find that access is inelastic while calls are elastic. We conclude th...

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 ...

Perfect competition or Bertrand competition cause price to equal marginal cost, so that excise tax incidence can be illustrated with the most basic supply-demand diagram. Some results are: • excise taxes are shared by suppliers and demanders according to their relative price elasticities • holding revenue fixed, it doesn’t matter (for supply price, demand price, and quantity traded) whether the...

A two-stage modeling process is developed to estimate factors that determine price sensitivities for store and national brands of cheese. Results show that several factors affect price sensitivities. AIDS and LA/AIDS models are used in the analyses and meta-regression results show no difference in own-price elasticities for these two models.

Through this paper, we have attempted to model the demand for di¤erent classes of antibiotics used for respiratory infections in outpatient care in Switzerland using a spatial version of the linear approximate Almost Ideal Demand System (AIDS) model. This model takes spatial dependency into account by means of spatial lags of antibiotic budget shares. We control for the health status of patient...

Countries with significantly different development levels experience similar regulatory transformations in the telecommunications industry. While these changes may be particularly successful in lowering costs, they may also lead to lower consumer welfare in markets in which consumers are highly sensitive to price changes. This paper assessed whether price elasticities for telecommunications dem...

The views expressed in this paper are those of the author alone and do not necessarily reflect the views of the Federal Communications Commission, any Commissioners, or other staff. A current policy issue is whether there is a single local media market or several distinct local markets for newspaper, radio, and television advertising. An important step in defining a market is the estimation of ...

This paper compares two second-generation dynamic energy demand models, a translog Ž . Ž . TL and a general Leontief GL , in the study of price elasticities and factor substitutions of nine Swedish manufacturing industries: food, textiles, wood, paper, printing, chemicals, non-metallic minerals, base metals and machinery. Several model specifications are tested with likelihood ratio test. There...