scholarly journals The Price Elasticity of Demand of Australian Urban Residential Consumers and Water Restrictions

2020 ◽  
Vol 13 (3) ◽  
pp. 153
Author(s):  
Malcolm Abbott ◽  
My Tran
Keyword(s):  
Market Power ◽  
Price Elasticity ◽  
Large Change ◽  
Urban Centers ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Water Restrictions ◽  
The Relationship ◽  
Residential Consumers

The aim of this article is to provide derived estimates of the price elasticity of demand for water for residential urban consumers in Australia over the years 2005/06 to 2016/17. The results of the study indicate that higher water and sewerage prices, bundled together, are associated with lower demand for water. The relationship, therefore, between the prices of water and sewerage and demand for water is a negative one.  This relationship, however, is a relatively inelastic one, that is a large change in price is required before there is much of a change in demand for water.  With the supply of water in most Australian urban centers are controlled by monopoly suppliers this means that there is some scope for water restrictions to negate this market power.

A Note on R&D and Price Elasticity of Demand

2005 ◽  
Vol 225 (6) ◽  
Author(s):  
Dorothea Lücke ◽  
Philipp J.Η. Schröder ◽  
Dieter Schumacher
Keyword(s):  
Exchange Rate ◽  
Price Elasticity ◽  
Empirical Investigation ◽  
Fixed Cost ◽  
Export Demand ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Exchange Rate Changes ◽  
Industrialised Countries ◽  
The Relationship

SummaryThis note explores the relationship between the price elasticity of demand and the R&D intensity of the product. We introduce the concept of R&D intensity into a standard Dixit- Stiglitz/Krugman-type setting. R&D activity is treated as a fixed cost of production. Within this framework, sectors with a higher R&D intensity show a lower price elasticity of demand. This proposition is confirmed by an empirical investigation of export demand for manufactured goods from major industrialised countries. Consequently, real exchange rate changes have an impact on the commodity structure of exports.

scholarly journals Physical and expenditure formulations of demand functions and evaluations of price demand elasticity

2012 ◽  
Vol 60 (2) ◽  
pp. 379-382 ◽  
Author(s):  
Pavel Syrovátka
Keyword(s):  
Price Elasticity ◽  
Demand Elasticity ◽  
Demand Functions ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Consumer Markets ◽  
Physical Form ◽  
Demand Sensitivity ◽  
Price Demand ◽  
The Relationship

Studies of the demand relations on the consumer markets bring much useful information. The concept of the elasticity coefficients is frequently used for the quantitative analysis of the demand sensitivity. Formulation of the investigated demand functions is very important for the evaluation of the demand elasticity. Within net consumer demand (consumer purchase), it is possible to differentiate the physical and expenditure forms of the demand functions. The paper is focused on the theoretical and methodological backgrounds of the evaluation of price-demand elasticity under the physical and expenditure definitions of the demand relationships. In this paper, the relationship between the coefficient of the price elasticity of demand in the physical form and the coefficient of the price elasticity of demand in the expenditure form is determined and studied. The derived formula is tested using the USDA database.

scholarly journals Demand Price Elasticity of Residential Electricity Consumers with Zonal Tariff Settlement Based on Their Load Profiles

Energies ◽  
2019 ◽  
Vol 12 (22) ◽  
pp. 4317 ◽  
Author(s):  
Jerzy Andruszkiewicz ◽  
Józef Lorenc ◽  
Agnieszka Weychan
Keyword(s):  
Price Elasticity ◽  
Electricity Market ◽  
Distribution System ◽  
Peak Load ◽  
Real Life ◽  
Total Load ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Residential Electricity ◽  
Residential Consumers

The concept of price elasticity of demand has been widely used for the assessment of the consumers’ behavior in the electricity market. As the residential consumers represent a significant percentage of the total load, price elasticity of their demand may be used to design desirable demand side response programs in order to manage peak load in a power system. The method presented in this study proposes an alternative approach towards price elasticity determination for zonal tariff users, based on comparisons of load profiles of consumers settled according to flat and time-of-use electricity tariffs. A detailed explanation of the proposed method is presented, followed by a case-study of price elasticity determination for residential electricity consumers in Poland. The forecasted values of price elasticity of demand for the Polish households using time-of-use (TOU) tariff vary between −1.7 and −2.3, depending on the consumers’ annual electricity consumption. Moreover, an efficiency study of residential zonal tariff is performed to assess the operation of currently applicable electricity tariffs. Presented analysis is based on load profiles published by Distribution System Operators and statistical data, but the method can be applied to the real-life measurements from the smart metering systems as well when such systems are accessible for residential consumers.

Illicit Drugs: Price Elasticity of Demand and Supply

2002 ◽  
Author(s):  
William Rhodes ◽  
Patrick Johnston ◽  
Song Han ◽  
Quentin McMullen ◽  
Lynne Hozik
Keyword(s):  
Price Elasticity ◽  
Illicit Drugs ◽  
Demand And Supply ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

RESEARCH OF PRICE ELASTICITY OF DEMAND FOR PAID DENTAL SERVICES

2017 ◽  
Vol 19 (3) ◽  
pp. 78-81
Author(s):  
Je.H. Sahibgareeva ◽  
◽  
S.N. Cherkasov ◽  
A.Ju. Bragin ◽  
◽  
...  
Keyword(s):  
Price Elasticity ◽  
Dental Services ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

On the Price Elasticity of Demand for Patents

2010 ◽  
Author(s):  
Gaétan de Rassenfosse ◽  
Bruno van Pottelsberghe de la Potterie
Keyword(s):  
Price Elasticity ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

scholarly journals Estimating the price elasticity of demand for JUUL E-cigarettes among teens

2021 ◽  
Vol 218 ◽  
pp. 108406
Author(s):  
Jay R. Corrigan ◽  
Bailey N. Hackenberry ◽  
Victoria C. Lambert ◽  
Matthew C. Rousu ◽  
James F. Thrasher ◽  
...  
Keyword(s):  
Price Elasticity ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

scholarly journals MACROECONOMICS OF SUBSISTENCE POINTS

2008 ◽  
Vol 12 (S1) ◽  
pp. 136-147 ◽  
Author(s):  
MORTEN O. RAVN ◽  
STEPHANIE SCHMITT-GROHÉ ◽  
MARTÍN URIBE
Keyword(s):  
Empirical Evidence ◽  
Price Elasticity ◽  
Related Literature ◽  
Consumption Good ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods rather than to the composite consumption good. We show that this simple feature makes the price elasticity of demand for individual goods procyclical. As a result, markups behave countercyclically in equilibrium. This implication is in line with the available empirical evidence.

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