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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.
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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.
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.
Applying alternative, and higher, estimates of price elasticity resulted in larger health effects of all three scenarios.
With the alternative estimates of price elasticity, a 10% reduction of alcohol taxation could increase the burden of disease by 23,000 DALY with (Table 4).
The estimation of potential health effects are influenced by a range of factors in the modelling, including estimates of price elasticity.
This study provides estimates of price elasticities of the three major tobacco products consumed by economic status of households in India.
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.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com