Journal article
Income distribution and aggregation/disaggregation biases in the measurement of consumer demand elasticities
Abstract
We investigate the issue of aggregation and disaggregation biases in demand elasticities. Drawing on income distribution data for seven countries we calculate the likely range of differences between elasticities evaluated at average income and corresponding aggregate average elasticities.
Authors
Denton FT; Mountain DC
Journal
Economics Letters, Vol. 73, No. 1, pp. 21–28
Publisher
Elsevier
Publication Date
10 2001
DOI
10.1016/s0165-1765(01)00461-x
ISSN
0165-1765