๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

INDIVIDUAL VERSUS AGGREGATE INCOME ELASTICITIES FOR HETEROGENEOUS POPULATIONS

โœ Scribed by Michal Paluch; Alois Kneip; Werner Hildenbrand

Book ID
112117286
Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
233 KB
Volume
27
Category
Article
ISSN
0883-7252

No coin nor oath required. For personal study only.

๐Ÿ“œ SIMILAR VOLUMES

UNDERSTANDING HETEROGENEITY IN PRICE ELA
UNDERSTANDING HETEROGENEITY IN PRICE ELASTICITIES IN THE DEMAND FOR ALCOHOL FOR OLDER INDIVIDUALS
โœ Padmaja Ayyagari; Partha Deb; Jason Fletcher; William Gallo; Jody L. Sindelar ๐Ÿ“‚ Article ๐Ÿ“… 2011 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 277 KB ๐Ÿ‘ 1 views

## ABSTRACT This paper estimates the price elasticity of demand for alcohol using Health and Retirement Study data. To account for unobserved heterogeneity in price responsiveness, we use finite mixture models. We recover two latent groups, one is significantly responsive to price, but the other is