Title: A Generalized Model for Asymmetric Effect of Price Elasticities Incorporating Neighborhood Price Effect and Income.
Abstract: Research related to asymmetric effect of price elasticities shows contradictory results about market power. This paper proposes measuring asymmetric effect of price elasticity employing: (1) neighborhood price effects and (2) consumer income effect. The results show conditions under which the asymmetric effect of absolute price elasticity favors a given brand.
Publication Year: 2014
Publication Date: 2014-10-29
Language: en
Type: book-chapter
Indexed In: ['crossref']
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