An empirical relationship between price elasticity and price levels

Autor:	Hongjai Rhee
Rok vydání:	2013
Předmět:	TheoryofComputation_MISCELLANEOUS Microeconomics Producer price index Economics and Econometrics Reservation price Price index Factor price Mid price Economics TheoryofComputation_GENERAL Price level Relative price Limit price
Zdroj:	Applied Economics Letters. 20:190-193
ISSN:	1466-4291 1350-4851
DOI:	10.1080/13504851.2012.689101
Popis:	This study examines price competition between Duty-Free Stores (DFSs). The primary research question is the relationship between the own- and cross-store price elasticities, on the one hand, and the average price levels of DFS products, on the other hand. Using a unique data set of DFS sales in Korea combined with a hierarchical Bayesian model, we show that the own- and cross-store price elasticities increase significantly with the average price level.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::acfd9bfa8f122f5dce4a5b9f2ba25c77 https://doi.org/10.1080/13504851.2012.689101 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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