scholarly journals High Frequency Evidence on the Demand for Gasoline

2017 ◽  
Vol 9 (3) ◽  
pp. 314-347 ◽  
Author(s):  
Laurence Levin ◽  
Matthew S. Lewis ◽  
Frank A. Wolak
Keyword(s):  
High Frequency ◽  
The United States ◽  
Temporal Aggregation ◽  
Relative Importance ◽  
Gasoline Demand ◽  
Aggregated Data ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Order Of Magnitude ◽  
Price Responsiveness

Daily city-level expenditures and prices are used to estimate the price responsiveness of gasoline demand in the United States. Using a frequency of purchase model that explicitly acknowledges the distinction between gasoline demand and gasoline expenditures, the price elasticity of demand is consistently found to be an order of magnitude larger than estimates from recent studies using more aggregated data. Estimating demand using higher levels of spatial and temporal aggregation is shown to produce increasingly inelastic estimates. A decomposition is then developed and implemented to understand the relative importance of several different factors in explaining this result. (JEL C51, L71, Q35)

Elasticity of demand for Canadian logs and lumber in China and Japan

2013 ◽  
Vol 43 (12) ◽  
pp. 1196-1202 ◽  
Author(s):  
Kurt Niquidet ◽  
Jingwen Tang
Keyword(s):  
Price Elasticity ◽  
Forest Products ◽  
The United States ◽  
Wood Products ◽  
Demand System ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
The Past ◽  
The Us ◽  
China And Japan

Over the past decade, Chinese demand for forest products has increased substantially. While domestic production has risen, this increased demand has been met mostly by imports. The boom has been a welcome benefit to large forest products exporting countries such as Canada, especially in light of the weakened demand that occurred in the United States (US) following the financial crisis. While estimates of demand parameters for the US are vast, little is known about Canada’s other two leading markets: China and Japan. Furthermore, many existing trade models assume that logs and lumber are homogenous, perfectly substitutable regardless of their origin. In this note, we apply a source-differentiated Almost Ideal Demand System (AIDS) model to Chinese and Japanese log and lumber imports, with an emphasis on imports originating from Canada. Results indicate that the price elasticity of demand for Canadian lumber and logs in China is elastic. In contrast, in Japan, the price elasticity of demand for Canadian lumber is inelastic, but like China, demand for Canadian log imports is elastic. Expenditure elasticities suggest that Canadian wood products are expected to be favoured relative to other countries as demand in China grows; this finding may be attributed to marketing programs.

scholarly journals Elasticity of demand of the Czech consumer

2011 ◽  
Vol 59 (7) ◽  
pp. 225-236
Author(s):  
Jiří Luňáček ◽  
Vít Feldbabel
Keyword(s):  
Czech Republic ◽  
Price Elasticity ◽  
The United States ◽  
The Czech Republic ◽  
Cultural Aspects ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Economic Practice ◽  
The Usa ◽  
American Consumer

The price elasticity of demand enables to set the real “correct price” to the seller guaranteeing the highest income. Despite the fact that the price elasticity of demand is very important in the economic practice, no work that would deal with it in greater details seems to be elaborated till now. The available sources show practically only and exclusively coefficients of the price elasticity of demand in the United States. These coefficients can naturally be utilized, but for certain goods only (e.g. salt, etc.), where the demand is the same irrespectively of where we find ourselves globally. There are certain products and services where the demand is determined by the socio-cultural aspects following from certain traditions of the country in question. The values established for conditions of the Czech Republic are certainly available nowadays, but with respect to expensiveness and scope of these researches we cannot consider them comparable with the results from the USA.Objective of this paper is to draw curves of demand of 20 commonly used commodities in the Czech Republic and to determine coefficients of the price elasticity of demand afterwards, from which the basic recommendations for their sellers will follow. In light of the facts above comparison of these coefficients with the data from the USA would be very interesting to be able to create the picture about dissimilarities in demand of the average Czech and American consumer.

Illicit Drugs: Price Elasticity of Demand and Supply

2002 ◽  
Author(s):  
William Rhodes ◽  
Patrick Johnston ◽  
Song Han ◽  
Quentin McMullen ◽  
Lynne Hozik
Keyword(s):  
Price Elasticity ◽  
Illicit Drugs ◽  
Demand And Supply ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

RESEARCH OF PRICE ELASTICITY OF DEMAND FOR PAID DENTAL SERVICES

2017 ◽  
Vol 19 (3) ◽  
pp. 78-81
Author(s):  
Je.H. Sahibgareeva ◽  
◽  
S.N. Cherkasov ◽  
A.Ju. Bragin ◽  
◽  
...  
Keyword(s):  
Price Elasticity ◽  
Dental Services ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

On the Price Elasticity of Demand for Patents

2010 ◽  
Author(s):  
Gaétan de Rassenfosse ◽  
Bruno van Pottelsberghe de la Potterie
Keyword(s):  
Price Elasticity ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

scholarly journals Estimating the price elasticity of demand for JUUL E-cigarettes among teens

2021 ◽  
Vol 218 ◽  
pp. 108406
Author(s):  
Jay R. Corrigan ◽  
Bailey N. Hackenberry ◽  
Victoria C. Lambert ◽  
Matthew C. Rousu ◽  
James F. Thrasher ◽  
...  
Keyword(s):  
Price Elasticity ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

scholarly journals MACROECONOMICS OF SUBSISTENCE POINTS

2008 ◽  
Vol 12 (S1) ◽  
pp. 136-147 ◽  
Author(s):  
MORTEN O. RAVN ◽  
STEPHANIE SCHMITT-GROHÉ ◽  
MARTÍN URIBE
Keyword(s):  
Empirical Evidence ◽  
Price Elasticity ◽  
Related Literature ◽  
Consumption Good ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods rather than to the composite consumption good. We show that this simple feature makes the price elasticity of demand for individual goods procyclical. As a result, markups behave countercyclically in equilibrium. This implication is in line with the available empirical evidence.

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