Short-cut Demand Elasticities and Other Convenient Approaches to Consumer Demand
Springer
ISBN 9789819635870
Standardpreis
Bibliografische Daten
Fachbuch
Buch. Hardcover
2025
12 s/w-Abbildungen, 23 Farbabbildungen.
In englischer Sprache
Umfang: xxi, 264 S.
Format (B x L): 15,5 x 23,5 cm
Verlag: Springer
ISBN: 9789819635870
Produktbeschreibung
“In this remarkable book, the authors bridge the gap between sophisticated consumer demand theory and the practical world of economic modeling. Their guidance will be invaluable to anyone aiming to shed light on the economic impact of public policies.”
Thomas W. Hertel, Distinguished Professor and Executive Director, Center for Global Trade Analysis, Purdue University
“The elasticity of demand is a key parameter in economics - whether for micro studies or large-scale models. This book illuminates on short-cut approaches for measuring this elasticity and provides derivations and applications. It is a valuable resource for both students and seasoned economists.”
Paul Burke, Professor and Head, Arndt-Corden Department of Economics and Deputy Director, Crawford School of Public Policy, ANU College of Law, Governance and Policy, Australian National University
“This book endears itself to me with its honest approach to determining elasticities for use in policy analysis. In Chapter 1, it tells us about the rule of one half: if you can’t do any better, set own price elasticities for household demands for broadly defined commodities at -0.5. Then through ten chapters, Ken Clements and his co-authors demonstrate that you can do better by combining economic theory with relatively straightforward econometrics. The book deserves wide readership among applied economic modellers who want to take their field forward by supplementing judgement with statistical evidence.”
Peter Dixon, AO, Professor, Centre of Policy Studies, Victoria University
Autorinnen und Autoren
Kundeninformationen
Simplifies the measurement of demand elasticities with straight-forward rules and other approaches from microeconomics Contains illustrations of methods with CGE modelling and the demand for groups of goods such as beer, wine and spirits Serves as a sourcebook for students, consultants, business economists and government policy advisers
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