scholarly journals Relationship between the Uncompensated Price Elasticity and the Income Elasticity of Demand under Conditions of Additive Preferences

PLoS ONE ◽  
2016 ◽  
Vol 11 (3) ◽  
pp. e0151390 ◽  
Author(s):  
Lorenzo Sabatelli
Keyword(s):  
Price Elasticity ◽  
Income Elasticity ◽  
Elasticity Of Demand ◽  
Income Elasticity Of Demand

scholarly journals TOURISM DEMAND MODELING: PRICE AND INCOME ELASTICITY

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
A.H.G Kusumah
Keyword(s):  
European Union ◽  
Price Elasticity ◽  
Income Elasticity ◽  
Tourism Demand ◽  
Demand Model ◽  
Demand Modeling ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Income Elasticity Of Demand

This paper provides a tourism demand model that estimates the price elasticity of demand and income elasticity of demand in Australia, European Union (EU), and USA. The results show that Australia and EU tourists markets are price elastic, while USA market is slightly price inelastic. It indicates that both Australia and EU tourists markets are sensitive to the tourism price while USA market is not. The study also found that the income elasticity of demand from the three markets is relatively income inelastic. In other words, tourism demand in the three markets is unresponsive to a change in income.Keywords: Tourism Demand, Price ElasticityThis paper provides a tourism demand model that estimates the price elasticity of demand and income elasticity of demand in Australia, European Union (EU), and USA. The results show that Australia and EU tourists markets are price elastic, while USA market is slightly price inelastic. It indicates that both Australia and EU tourists markets are sensitive to the tourism price while USA market is not. The study also found that the income elasticity of demand from the three markets is relatively income inelastic. In other words, tourism demand in the three markets is unresponsive to a change in income.

scholarly journals ANALISIS ELASTISITAS TIGA BAHAN PANGAN SUMBER PROTEIN HEWANI DI INDONESIA

2016 ◽  
Vol 12 (1) ◽  
pp. 43
Author(s):  
Daru Wahyuni ◽  
Losina Purnastuti ◽  
Mustofa Mustofa
Keyword(s):  
Price Elasticity ◽  
Family Life ◽  
Income Elasticity ◽  
Geographic Region ◽  
Animal Protein ◽  
Demand System ◽  
Almost Ideal Demand System ◽  
Elasticity Of Demand ◽  
Indonesia Family Life Survey ◽  
Income Elasticity Of Demand

Abstrak: Analisis Elastisitas Tiga Bahan Pangan Sumber Protein Hewani di Indonesia. Penelitian ini bertujuan untuk menganalisis perilaku permintaan rumah tangga atas tiga sumber protein hewani (ikan, daging sapi, dan daging ayam) dikaitkan dengan karakteristik rumah tangga yang berbeda dan menganalisis respon rumah tangga di Indonesia terhadap perubahan harga dan pendapatan pada konsumsi ketiga komoditas tersebut. Model yang digunakan untuk melakukan estimasi adalah model Almost Ideal Demand System (AIDS), dengan menggunakan data dari Indonesia Family Life Survey  gelombang 4 (IFLS 4). Jumlah rumah tangga sumber data yang dianalisis dalam penelitian ini berjumlah 839 rumah tangga.  Hasil penelitian menunjukkan secara parsial harga ikan, harga daging sapi, pengeluaran rumah tangga, wilayah geografi, dan jumlah anggota keluarga berpengaruh terhadap pangsa pengeluaran untuk produk ikan-ikanan, daging ayam, dan daging sapi. Elastisitas permintaan harga permintaan untuk ikan, daging sapi, dan daging ayam masuk dalam kategori inelastis, elastisitas pendapatan untuk daging sapi dan daging ayam masuk kategori elastis, dan ikan mempunyai elastisitas pendapatan yang inelastic. Kata kunci: model Almost Ideal Demand System (AIDS), elastisitas harga permintaan, elastisitas silang, elastisitas pendapatan. Abstract: Elasticity Analysis for Three Animal Protein Resources in Indonesia. This study aimed to analyze the behavior of household demand on three sources of animal protein (fish, beef, and chicken) were associated with different household characteristics and analyze the response of households in Indonesia to changes in price and income on the consumption of fish, beef, and chicken. Almost Ideal Demand System (AIDS) was adopted in this study, using data from the Indonesia Family Life Survey wave 4 (IFLS 4). Total number of the household analyzed in this study amounted to 839 households. The results showed that partially price of fish, beef prices, household expenditure, geographic region, and number of family members affect the share of expenditure fisheries products, chicken, and beef. The results implied that Price elasticity of demand for demand for fish, beef, and chicken were categorized as inelastic. While the income elasticity for beef and chicken were elastic, furthermore income elasticity for fish was inelastic. Keywords:  Almost Ideal Demand System (AIDS) model, demand price elasticity, cross elasticity of demand, income elasticity of demand.

scholarly journals PERMINTAAN TERIGU DI INDONESIA

Agro Ekonomi ◽  
2016 ◽  
pp. 79
Author(s):  
Bambang Djanuwardi ◽  
Ahmad Sutarmadi ◽  
Gunawan Sumodiningrat
Keyword(s):  
Time Series ◽  
Regression Analysis ◽  
Price Elasticity ◽  
Income Elasticity ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Factors Influencing ◽  
Rice Price ◽  
Cross Price Elasticity ◽  
Income Elasticity Of Demand

This study on wheat demand in Indonesia attempto know the factors influencing the wheat demand and to what extent it is influenced.The data used in this study is a time series of 1967 to 1986, and regression analysis was employed with static double log model.The result indicates that the price elasticity of demand for wheat is not elastic, while the income elasticity of demand is elastic. The cross price elasticity of demand of rice is not elastic.Variables that consistently influence demand of wheat are, wheat price, rice price, and income. While for sugar, egg, milk, there is no strong eyidencce indicating that they are the wheat complements. It can not be concluded either that corn is the substitut of wheat

The Elasticity of Casino Gambling

2013 ◽  
pp. 36-54
Author(s):  
Mark W. Nichols ◽  
Mehmet Serkan Tosun
Keyword(s):  
Price Elasticity ◽  
Income Elasticity ◽  
Empirical Studies ◽  
Casino Gambling ◽  
Sales Tax ◽  
Future Research ◽  
Tax Revenue ◽  
Accurate Data ◽  
Elasticity Of Demand ◽  
Income Elasticity Of Demand

This chapter examines the price, cross, and income elasticity of demand for casino gambling. The focus is specifically on casino gambling, as opposed to other forms of gambling, such as lottery or pari-mutuel wagering. Nevertheless, in the case of price elasticity comparisons with other forms of gambling are made to provide a context for the reader. Similarly, in the case of income elasticity comparisons are made between casino revenue versus income and sales tax revenue. Very few empirical studies have calculated elasticity estimates for casino gambling. One notable reason for this is the unavailability of accurate data on the quantity and price of casino gambling. Reasons for this and existing studies are reviewed here and recommendations are made for future research.

Estimating the Demand Elasticity of Rice in Bangladesh: An Application of the AIDS Model

2020 ◽  
Vol 10 (3) ◽  
pp. 721-728
Author(s):  
Md Abu Bakr Siddique ◽  
Md Abdus Salam ◽  
Mohammad Chhiddikur Rahman
Keyword(s):  
Price Elasticity ◽  
Income Elasticity ◽  
Price Change ◽  
Substantial Effect ◽  
Demand Elasticity ◽  
Substitution Effects ◽  
Aids Model ◽  
Elasticity Of Demand ◽  
Cross Price Elasticity ◽  
Income Elasticity Of Demand

This study determines the causes of consumption, compensated, and uncompensated demand for rice using the Linear Approximate Almost Ideal Demand System (LA-AIDS) model in Bangladesh. The model was used along with the corrected Stone Price Index. The study’s findings showed that the income elasticity of demand for rice was only 0.76, indicating that rice is a normal and necessary food item. The own-price elasticity (compensated and uncompensated) showed that all food items were price inelastic. The rice’s own-price elasticity demonstrated that if the price falls by 10%, rice demand will rise by 8.21%. This cross-price elasticity showed the weak substitution effects of a price change. Therefore, price interference may not lead to a substantial effect on food demand.

scholarly journals ANALISIS PERMINTAAN KEDELAI DI INDONESIA

2017 ◽  
Vol 12 (1) ◽  
pp. 42
Author(s):  
Septi Rostika Anjani ◽  
Dwidjono Hadi Darwanto ◽  
Jangkung Handoyo Mulyo
Keyword(s):  
Regression Analysis ◽  
Capita Income ◽  
Income Elasticity ◽  
Descriptive Analysis ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Per Capita Income ◽  
Elasticity Of Demand ◽  
Per Capita ◽  
Income Elasticity Of Demand

This study aims to analyze the factors that influence the demand of soybean in Indonesia. The research method uses descriptive analysis of secondary data which includes the price of imported soybeans, the price of chicken, per capita  income,  the rate of inflation and import tariff policy  year period 1980-2013 which sourced from FAO  and  other  sources.  Estimation  of  demand  function  using  multiple  linear regression  analysis  were  transformed  in  the  form  of  natural  logarithm.  Regression analysis showed that soybean demand in Indonesia was influenced partially by prices of chicken, per capita income, and the rate of inflation. The price elasticity of demand of soybean in Indonesia is inelastic, that is equal 0,22. While the income elasticity of demand  for  soybeans  is  positive  which  means  that  soy  is  a  staple  item  for  the Indonesian people.

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