Market price and income elasticities of new vehicle demands
Article Abstract:
An analysis of aggregate automobile demand models shows the significantly downward bias of the market price elasticity of demand when corrections for quality differences are not made. New information on market price and income elasticities were derived from a disaggregate demand model that controls for cost, household income, vehicle attributes and perceived quality, consumer search and manufacturer. An extensive household survey of new vehicle buyers in 1989 showed estimated market price and income elasticities to be -0.87 and 1.70, respectively.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1996
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Short-run and long-run elasticities for Canadian consumption of alcoholic beverages: an error-correction mechanism/cointegration approach
Article Abstract:
Short-run and long-run changes in Canadian alcoholic beverage consumption in relation to variations in price, income and legal drinking age are measured. An unrestricted model identical to Hendry's error-correction mechanism is used. Results vary significantly across the country.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1992
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Bootstrap variance estimation of nonlinear functions of parameters: an application to long-run elasticities of energy demand
Article Abstract:
This paper considers various methods for obtaining standard errors for nonlinear functions of parameters.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1999
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- Abstracts: Behavioral heterogeneity and structural properties of aggregate demand. Dispersed excess demands, the weak axiom and uniqueness of equilibrium
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