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	Provedor de dados AgEcon (1) Autor Brown, Mark G. (1) Palavra-chave Beverages (1) Consumer/Household Economics (1) Differential demand system (1) Income impacts on price and income responses (1) Tipo do documento Report (1) Ano 2006 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Impact of Income on Price and Income Responses in the Differential Demand System AgEcon Brown, Mark G.. An extension of the differential demand system model is developed that allows the demand system’s income and price responses to vary with income level. The model’s income flexibility and marginal propensities to consume (MPCs) out of income are made functions of real income measured by the Divisia volume index. The income flexibility is a factor of proportionality underlying all price effects and a change in this term impacts the sensitivity of all demands to prices. Price effects are also made a function of the MPCs using a uniform substitute specification. The model was used to analyze the conditional demands for a group of beverages. The findings indicate that changes in conditional total beverage expenditures result in various income and price... Tipo: Report Palavras-chave: Differential demand system; Beverages; Income impacts on price and income responses; Consumer/Household Economics. Ano: 2006 URL: http://purl.umn.edu/36836 Registros recuperados: 1 Primeira ... 1 ... Última

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