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Exact(15)
Unfortunately, consistent estimates of price elasticities for most commodities are often not available.
Estimates of price elasticities of travel demand are in line with other findings reported in the literature.
Considering limited availability of real estimates of price sensitivity for all economic sectors, Ho et al. ([2008]) derived elasticities from a macroeconomic model for the US under constrained conditions; Choi et al. ([2010]) adopted assumptions on several scenarios for price elasticities.
This effect has been taken into account in the lower estimates of price elasticity.
Estimates of price responsiveness in low- and middle-income countries are at least as large (15).
As noted by this study, information on volume would provide better estimates of price elasticities.
Similar(45)
The study provides estimates of prices that are expected to decline by 16, 21, and around 30% for vegetables, oilseeds and livestock products, respectively, in the MRG scenario.
To overcome the lack of volume information, information on prices and proxy estimates of price-cost mark-ups were used in conjunction with the general Ramsey formula to calculate the responsiveness of demand to product price.
For lack of an informed estimate of price ranges, we explored an array of possible values in order to compare with the costs of separate medication.
Try to create an estimate of price to stay in a Walt Disney World hotel, with the wide variety of Walt Disney World hotels that exist on Disney World premises.
Scenarios using both high and low cost estimates of purchase price of local RUSF resulted in a difference in outcomes of between 6% and 8% (range: 954 972 EUR).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com