In this paper, we examine the usefulness of the dominant firm model of price leadership to serve as a benchmark for organizing behavior in laboratory markets. This well established model, whose origins can be traced back over a hundred years, has been recently applied to such landmark antitrust cases as Standard Oil and Alcoa and more recently to the analysis of deregulated markets for electric...

There are independent literatures in economics considering tax-price and match-price incentives for giving. The match-price literature has produced well-identified small price elasticities, but scholars have widely questioned whether these estimates can inform tax policy. The tax-price literature in contrast has produced a large range of estimates. Here, we explore and compare these different i...

Incorporating a household’s net sale status into a rearranged Slutsky equation with combined ordinary and endowment income effects, this paper aims to reinterpret the income elasticity of demand in the case of buying and selling and to associate it with types of goods in a novel manner. To this end, the Deaton’s (1989) net benefit ratio (NBR) approach is expressed as the difference between orig...

I develop a structural model of urban travel to estimate long-run gasoline price elasticities. the demand for transportation services using dynamic discrete-choice with switching costs and it panel dataset public market-level data on automobile transit use in Chicago. Long-run own- (automobile) cross- (transit) elasticities are substantially more elastic than short-run Elasticity estimates from...

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...

The economic transition in China poses new questions in studying product demand. In this study, we investigate the demand pattern and structural changes during the economic transformation using annual data from the paper and paperboard industry in China. Instrumental variable estimations as well as cointegration analysis and error-correction models are applied to the analysis. Our results show ...

the aim of this study was to evaluate sound and decayed wood of iranianbeech (fagus orientalis) with a nondestructive stress wave method. wood samples,with dimensions of 9 by 19 by 200 mm were decayed in laboratory soil-bed tests,based on european pre-standard env-807. the decay was evaluated by measuringbending dynamic modulus of elasticity (moed) and longitudinal dynamicmodulus of elasticity ...