Estimating demand elasticities in a differentiated product industry: the personal computer market

Article Abstract:

A model of market demand has been formulated based on utility maximization, and market supply based on profit maximization, for goods classified on various characteristics. The demand elasticities for individual models were measured by utilizing data on personal computers. Results show that demand elasticities posted an increase over time as the brand effect on the model market share decreased. Due to the marketing of individual models, a model which is already marketed for about two years will experience more inelastic demand than a newly introduced brand.

Electronic computers, Electronic Computer Manufacturing, Analog & Hybrid Computers, Economics, Research and Development in the Social Sciences and Humanities, Computer industry, Microcomputers, Supply and demand, Product differentiation, New products, Product introduction

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New evidence on labor supply: employment versus hours elasticities by sex and marital status

Article Abstract:

The tri-annual micro panel data of the Survey of Income and Program Participation shows that employment elasticity is +0.6 for single men, +1.1 for married men, +2.4 for single women and +1.8 for married women. The figure indicates that married women are less wage elastic on the employment margin than single women. on the other hand, the opposite is true when it comes to wage elasticity between married men and single men.

Employee Wages & Salaries, Statistics, Distribution (Economics), Wages, Wages and salaries

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Intertack wagering and the demand for parimutuel horse racing

Article Abstract:

There has been a significant decline in parimutuel horse racing. An intrastate intertrack wagering (ITW) system has been implemented by racetracks to revive the market. The impacts of wagering at six racetracks using an intrastate ITW system are studied. Results of the study show increased handle for the racetracks which have installed intrastate ITW systems.

Racing, including track operation, Race Tracks, Racetracks, Racetracks (Horse racing), Racetracks (Horse-racing), Horse race betting

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