Estimation of Price Elasticities from Cross-Sectional Data

Chanjin Chung (), Diansheng Dong (), Harry Kaiser and Todd Schmit

No 20517, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study develops an empirical framework that can be used to estimate quality-adjusted price elasticities from cross-sectional data, which are theoretically consistent and comparable to elasticities from time-series data. The new approach shows the importance of properly adjusting for quality variation in demand analysis.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 31
Date: 2001
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Estimation of price elasticities from cross-sectional data (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20517

DOI: 10.22004/ag.econ.20517

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