Title of article
Simple structural econometrics of price elasticity
Author/Authors
Catherine Cazals، نويسنده , , Frédérique Fève، نويسنده , , Patrick Fève، نويسنده , , Jean-Pierre Florens، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2005
Pages
6
From page
1
To page
6
Abstract
This paper delivers a methodology for the identification of the price elasticity of demand. The approach relies on a structural model of consumer behavior wherein demand and expenditure depend on a heterogeneity factor. We show that the structural parameters are not identified in the one-period case. Conversely, in a two-period case, the structural parameters, and thus the price elasticity of demand, are identified for each period.
Keywords
structural model , Heterogeneity factor , Price elasticity
Journal title
Economics Letters
Serial Year
2005
Journal title
Economics Letters
Record number
435562
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