Demand and choice elasticities for a separable product group

Brett Smith, Zeenat Abdoolakhan and John Taplin

Economics Letters, 2010, vol. 108, issue 2, 134-136

Abstract: Demand elasticities are derived from choice elasticities for a separable group of close substitutes. The example shows that choice and ordinary elasticities are similar for minor group members but radically different for the dominant member.

Keywords: Demand; Choice; Elasticity (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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