Between preferences and references: Asymmetric price elasticities and the simulation of fiscal policies
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DOI: 10.1016/j.jebo.2020.09.016
Abstract: Abstract Canonical demand studies and fiscal policy simulations rest on the assumption that consumers react symmetrically to price increases and decreases. Such assumption has been challenged from both the empirical and theoretical points of view.… read more here.
Keywords: asymmetric price; price; references asymmetric; preferences references ... See more keywords