Price elasticities of demand are minus one-half

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 3
Pages: 490-493

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

As an empirical regularity for broad groups, price elasticities of demand are scattered around minus one-half, a result not inconsistent with preference independence. When nothing is known about the price-sensitivity of a good, a reasonable first approximation to its price elasticity is minus one-half.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:3:p:490-493
Journal Field
General
Author Count
1
Added to Database
2026-01-25