 Price Elasticities from Survey Data: Extensions and Indonesian ResultsChapter 10 in Issues in Contemporary Economics, 1991, pp 253-283 from Palgrave Macmillan Abstract: Abstract For many questions of public policy, it is important to know how consumers change their expenditures on goods in response to changes in prices. For developing countries, there are typically rather few time series data from which price elasticities can be inferred. By contrast, cross-sectional household expenditure surveys are available for many LDCs. In Deaton (1986, 1987) I developed a methodology for using such household survey data to detect spatial variation in prices, and to estimate price elasticities by comparing spatial price variation to spatial demand patterns. In the first paper, I showed how to estimate the own-price elasticity for a single good by comparing its demand to its price. In the second paper, the methodology was extended to cover systems of demand functions, so that cross-price elasticities could be estimated, and substitution patterns studied. Keywords: Price Elasticity; Quality Effect; Fresh Fish; Budget Share; Rice Price (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-11576-1_10 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-11576-1_10 Access Statistics for this chapter More chapters in International Economic Association Series from Palgrave Macmillan |
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