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Price Elasticity Estimates From Family Expenditure Data: an Application of the Extended Linear Expenditure System

✍ Scribed by Richard D. Green; Zuhair A. Hassan; Stanley R. Johnson


Book ID
114841757
Publisher
John Wiley and Sons
Year
1979
Tongue
English
Weight
593 KB
Volume
27
Category
Article
ISSN
0008-3976

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## Abstract The price elasticity of demand for prescription drugs is a crucial parameter of interest in designing pharmaceutical benefit plans. Estimating the elasticity using micro‐data, however, is challenging because insurance coverage that includes deductibles, co‐insurance provisions and maxim