| Description |
1 online resource (v, 81 p.) : col. ill. |
| Series |
Technical bulletin ; no. 1925 |
|
Technical bulletin (United States. Department of Agriculture) ; no. 1925.
|
| Note |
Title from title caption (viewed on Nov. 24, 2010). |
|
"March 2010." |
|
"A report from the Economic Research Service." |
| Bibliography |
Includes bibliographical references (p. 21-24). |
| Contents |
Summary -- Introduction -- Background -- Data -- Methodology -- Three Types of Price Elasticities -- Empirical Results -- Marginal Shares -- Cross-Price Elasticities in a Two-Good Demand System -- Cross-Price Elasticities in a Nine-Good Demand System -- Conclusions -- References -- Appendix tables. |
| Summary |
This report presents a simple methodology for calculating cross-price elasticities across countries, using the Frisch own-price elasticity. Cross-price elasticities are calculated for 9 major consumption categories from the 1996 International Comparison Program data across 114 countries. The consumption categories are: food, beverage, and tobacco; clothing and footwear; education; gross rent, fuel, and power; house furnishings and operations; medical care; recreation; transport and communications; and "other" items. Additionally, cross-price elasticities are calculated and reported for a two-good demand system of food and nonfood. The elasticity estimates from this report are the only available consistent cross-country cross-price elasticity estimates across such a large number of countries and consumption categories. |
| Subject |
Demand (Economic theory)
|
|
Prices.
|
|
Elasticity (Economics)
|
| Added Author |
Seale, James L.
|
|
United States. Department of Agriculture. Economic Research Service.
|
| Gpo Item No. |
0016 (online) |
| Sudoc No. |
A 1.36:1925 |
|
