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Demand and choice elasticities for a separable product group

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  • Smith, Brett
  • Abdoolakhan, Zeenat
  • Taplin, John
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    Abstract

    Demand elasticities are derived from choice elasticities for a separable group of close substitutes. The example shows that choice and ordinary elasticities are similar for minor group members but radically different for the dominant member.

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    File URL: http://www.sciencedirect.com/science/article/B6V84-5009P5X-2/2/68d763089895cd49bbb01f3f4b2eca6d
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    Bibliographic Info

    Article provided by Elsevier in its journal Economics Letters.

    Volume (Year): 108 (2010)
    Issue (Month): 2 (August)
    Pages: 134-136

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    Handle: RePEc:eee:ecolet:v:108:y:2010:i:2:p:134-136

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    Web page: http://www.elsevier.com/locate/ecolet

    Related research

    Keywords: Demand Choice Elasticity;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Peter M. Guadagni & John D. C. Little, 2008. "A Logit Model of Brand Choice Calibrated on Scanner Data," Marketing Science, INFORMS, vol. 27(1), pages 29-48, 01-02.
    2. Kremers, Hans & Nijkamp, Peter & Rietveld, Piet, 2002. "A meta-analysis of price elasticities of transport demand in a general equilibrium framework," Economic Modelling, Elsevier, vol. 19(3), pages 463-485, May.
    3. Pollak, Robert A, 1969. "Conditional Demand Functions and Consumption Theory," The Quarterly Journal of Economics, MIT Press, vol. 83(1), pages 60-78, February.
    4. Alain Carpentier & Hervé Guyomard, 2001. "Unconditional Elasticities in Two-Stage Demand Systems: An Approximate Solution," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(1), pages 222-229.
    5. David L. Edgerton, 1997. "Weak Separability and the Estimation of Elasticities in Multistage Demand Systems," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 62-79.
    6. Brons, Martijn & Nijkamp, Peter & Pels, Eric & Rietveld, Piet, 2008. "A meta-analysis of the price elasticity of gasoline demand. A SUR approach," Energy Economics, Elsevier, vol. 30(5), pages 2105-2122, September.
    7. Kenneth Clements, 2006. "Price Elasticities of Demand Are Minus One-half," Economics Discussion / Working Papers 06-14, The University of Western Australia, Department of Economics.
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    Cited by:
    1. Truong, Truong P. & Hensher, David A., 2012. "Linking discrete choice to continuous demand within the framework of a computable general equilibrium model," Transportation Research Part B: Methodological, Elsevier, vol. 46(9), pages 1177-1201.

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