Simple Structural Econometrics of Price Elasticity

Cazals, Catherine, Fève, Frédérique, Fève, Patrick and Florens, Jean-Pierre (2005) Simple Structural Econometrics of Price Elasticity. Economics Letters, 86 (1). pp. 1-6.

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Official URL: http://tse-fr.eu/pub/2225

Abstract

This paper delivers a methodology for the identification of the price elasticity of demand. The approach relies on a structural model of consumer behavior wherein demand and expenditure depend on a heterogeneity factor. We show that the structural parameters are not identified in the one-period case. Conversely, in a two-period case, the structural parameters, and thus the price elasticity of demand, are identified for each period.

Item Type: Article
Language: English
Date: January 2005
Refereed: Yes
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 18 Jan 2012 05:48
Last Modified: 07 Mar 2018 13:20
OAI ID: oai:tse-fr.eu:2225
URI: http://publications.ut-capitole.fr/id/eprint/1489

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