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A Further Look at Flexibilities and Elasticities

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  • Kuo S. Huang

Abstract

Relationships between price elasticities and price flexibilities are examined, with emphasis on comparing sizes of difference between a directly estimated demand matrix and an inverted demand matrix. Results show that by using inverted elasticities to represent flexibilities or vice versa, sizable measurement errors may be committed. In agricultural policy and program analysis, a directly estimated demand matrix should be used.

Suggested Citation

  • Kuo S. Huang, 1994. "A Further Look at Flexibilities and Elasticities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(2), pages 313-317.
    • Handle: RePEc:oup:ajagec:v:76:y:1994:i:2:p:313-317.
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    File URL: http://hdl.handle.net/10.2307/1243633
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    Cited by:

    1. Lee, Young-Jae & Kennedy, P. Lynn & Hilbun, Brian M., 2008. "Determining the Impact of Crawfish Imports on U.S. Domestic Prices," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6344, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Crawford, Gregory S. & Deer, Lachlan & Smith, Jeremy & Sturgeon, Paul, 2017. "The Regulation of Public Service Broadcasters : Should there be more advertising on television?," Economic Research Papers 269092, University of Warwick - Department of Economics.
    3. Chin-Hwa Sun & Fu-Sung Chiang & Dale Squires & Anthony Rogers & Man-Ser Jan, 2019. "More landings for higher profit? Inverse demand analysis of the bluefin tuna auction price in Japan and economic incentives in global bluefin tuna fisheries management," PLOS ONE, Public Library of Science, vol. 14(8), pages 1-27, August.
    4. Chin-Hwa Jenny Sun & Fu-Sung Chiang & Patrice Guillotreau & Dale Squires, 2015. "Fewer Fish for Higher Profits? Price Response and Economic Incentives in Global Tuna Fisheries Management," Working Papers hal-01110771, HAL.
    5. Lee, Young-Jae & Kennedy, P. Lynn, 2008. "Demand System Analysis of the South Korean Beef Market with the Free Trade Demand Model," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6825, Southern Agricultural Economics Association.
    6. Parcell, Joseph L. & Pierce, Vern L., 2000. "Factors Affecting Wholesale Poultry Prices," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(3), pages 1-8, December.

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