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.

Analysis, Supply and demand, Automobiles, Income

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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.

Drinking of alcoholic beverages, Drinking (Alcoholic beverages)

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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.

Science & research, Econometrics & Model Building, Statistical Data Included, Methods, Econometrics, Error analysis (Mathematics), Nonlinear functional analysis, Business models, Error analysis

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