Thursday, July 21, 2011

Selected price elasticities

From Wikipedia:


·        Cigarettes (US)[41]
o   −0.3 to −0.6 (General)
o   −0.6 to −0.7 (Youth)
·        Alcoholic beverages (US)[42]
o   −0.3 or −0.7 to −0.9 as of 1972 (Beer)
o   −1.0 (Wine)
o   −1.5 (Spirits)
·        Airline travel (US)[43]
o   −0.3 (First Class)
o   −0.9 (Discount)
o   −1.5 (for Pleasure Travelers)
·        Livestock
o   −0.5 to −0.6 (Broiler Chickens)[44]
·        Oil (World)
o   −0.4
·        Car fuel[45]
o   −0.25 (Short run)
o   −0.64 (Long run)
·        Medicine (US)
o   −0.31 (Medical insurance)[46]
o   −.03 to −.06 (Pediatric Visits) [47]
·        Rice[48]
o   −0.47 (Austria)
o   −0.80 (Bangladesh)
o   −0.80 (China)
o   −0.25 (Japan)
o   −0.55 (US)
·        Cinema visits (US)
o   −0.87 (General)[46]
·        Live Performing Arts (Theater, etc.)
o   −0.4 to −0.9 [49]
·        Transport
o   −0.20 (Bus travel US)[46]
o   −2.80 (Ford compact automobile)[50]
·        Soft drinks
o   −0.8 to −1.0 (general)[51]
o   −3.8 (Coca-Cola)[52]
o   −4.4 (Mountain Dew)[52]
·        Steel
o   −0.2 to −0.3[53]
·        Eggs
o   −0.1 (US: Household only),[54] −0.35 (Canada),[55] −0.55 (South Africa)[56]

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