Demand and supply: price elasticities and corporate performance in the UK
Autor(a) principal: | |
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Data de Publicação: | 1998 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/12255 |
Resumo: | This paper investigates the relationship between consumer demand and corporate performance in several consumer industries in the UK, using two independent datasets. It uses data on consumer expenditures and the retail price index to estimate Almost Ideal Demand Systems on micro-data and compute timevarying price elasticities of demand for disaggregated commodity groups. Then, it matches the product definitions to the Standard Industry Classification and uses the estimated elasticities to investigate the impact of consumer behaviour on firm-level profitability equations. The time-varying household characteristics are ideal instruments for the demand effects in the firms' supply equation. The paper concludes that demand elasticities have a significant and tangible impact on the profitability of UK firms and that this impact can shed some light on the relationship between market structure and economic performance. |
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Menezes Filho, Naércio AquinoEscolas::EPGEFGV2014-10-28T12:39:05Z2014-10-28T12:39:05Z1998-04-30http://hdl.handle.net/10438/12255This paper investigates the relationship between consumer demand and corporate performance in several consumer industries in the UK, using two independent datasets. It uses data on consumer expenditures and the retail price index to estimate Almost Ideal Demand Systems on micro-data and compute timevarying price elasticities of demand for disaggregated commodity groups. Then, it matches the product definitions to the Standard Industry Classification and uses the estimated elasticities to investigate the impact of consumer behaviour on firm-level profitability equations. The time-varying household characteristics are ideal instruments for the demand effects in the firms' supply equation. The paper concludes that demand elasticities have a significant and tangible impact on the profitability of UK firms and that this impact can shed some light on the relationship between market structure and economic performance.engEscola de Pós-Graduação em Economia da FGVSeminários de pesquisa econômica da EPGETodo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveisinfo:eu-repo/semantics/openAccessProfitabilityConsumer behaviourIdentificationFirm-level dataindustry studiesEconomiaOferta e procuraPreçosConsumo (Economia)Demand and supply: price elasticities and corporate performance in the UKinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL000089651.pdf000089651.pdfapplication/pdf1444507https://repositorio.fgv.br/bitstreams/5c3a0461-0b18-4a4b-857e-e6e7ef428bde/download29fabf94003e60d84a918fe411e8e168MD51LICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv |
Demand and supply: price elasticities and corporate performance in the UK |
title |
Demand and supply: price elasticities and corporate performance in the UK |
spellingShingle |
Demand and supply: price elasticities and corporate performance in the UK Menezes Filho, Naércio Aquino Profitability Consumer behaviour Identification Firm-level data industry studies Economia Oferta e procura Preços Consumo (Economia) |
title_short |
Demand and supply: price elasticities and corporate performance in the UK |
title_full |
Demand and supply: price elasticities and corporate performance in the UK |
title_fullStr |
Demand and supply: price elasticities and corporate performance in the UK |
title_full_unstemmed |
Demand and supply: price elasticities and corporate performance in the UK |
title_sort |
Demand and supply: price elasticities and corporate performance in the UK |
author |
Menezes Filho, Naércio Aquino |
author_facet |
Menezes Filho, Naércio Aquino |
author_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.author.fl_str_mv |
Menezes Filho, Naércio Aquino |
dc.subject.por.fl_str_mv |
Profitability Consumer behaviour Identification Firm-level data industry studies |
topic |
Profitability Consumer behaviour Identification Firm-level data industry studies Economia Oferta e procura Preços Consumo (Economia) |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Oferta e procura Preços Consumo (Economia) |
description |
This paper investigates the relationship between consumer demand and corporate performance in several consumer industries in the UK, using two independent datasets. It uses data on consumer expenditures and the retail price index to estimate Almost Ideal Demand Systems on micro-data and compute timevarying price elasticities of demand for disaggregated commodity groups. Then, it matches the product definitions to the Standard Industry Classification and uses the estimated elasticities to investigate the impact of consumer behaviour on firm-level profitability equations. The time-varying household characteristics are ideal instruments for the demand effects in the firms' supply equation. The paper concludes that demand elasticities have a significant and tangible impact on the profitability of UK firms and that this impact can shed some light on the relationship between market structure and economic performance. |
publishDate |
1998 |
dc.date.issued.fl_str_mv |
1998-04-30 |
dc.date.accessioned.fl_str_mv |
2014-10-28T12:39:05Z |
dc.date.available.fl_str_mv |
2014-10-28T12:39:05Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/12255 |
url |
http://hdl.handle.net/10438/12255 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.ispartofseries.por.fl_str_mv |
Seminários de pesquisa econômica da EPGE |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
dc.source.none.fl_str_mv |
reponame:Repositório Institucional do FGV (FGV Repositório Digital) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
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Fundação Getulio Vargas (FGV) |
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FGV |
institution |
FGV |
reponame_str |
Repositório Institucional do FGV (FGV Repositório Digital) |
collection |
Repositório Institucional do FGV (FGV Repositório Digital) |
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