Economics, Econometrics and Finance
4 years ago

New method predicts market response to price changes and policy instruments.

2 views
SSRN Electronic Journal
Relationship between the Uncompensated Price Elasticity and the Income Elasticity of Demand Under Conditions of Additive Preferences
Lorenzo Sabatelli

Paper Summary

The article explores how markets respond to changes in income and prices. By analyzing demand using a mathematical approach, the researchers found a relationship between income elasticity and price elasticity. This method can help predict the effects of price changes and policy measures on demand.

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