ESTIMATING AUTOMOTIVE ELASTICITIES FROM SEGMENT ELASTICITIES AND 1ST CHOICE 2ND CHOICE DATA
成果类型:
Article
署名作者:
BORDLEY, RF
署名单位:
National Science Foundation (NSF)
刊物名称:
REVIEW OF ECONOMICS AND STATISTICS
ISSN/ISSBN:
0034-6535
DOI:
10.2307/2109459
发表日期:
1993-08
页码:
455-462
关键词:
摘要:
Of the share lost to one product because of a price change, diversion fractions are the fractions of that lost share going to each of the other products. This paper expresses product cross-elasticities in terms of diversion fractions and a scaling factor. Since the automotive market includes more than 200 products, time-series data are insufficient for estimating all elasticities. Instead, this paper estimates automotive elasticities by specifying the diversion fractions using cross-sectional first choice/second choice data and estimating the remaining scaling factor and own-elasticities using more aggregate elasticities estimated from time-series.
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