Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061658 | Economics Letters | 2009 | 5 Pages |
Abstract
An analytical method for inverting firm-level demand to obtain inverse demand while preserving the nature of the product is reviewed. Some simple numerical analysis then shows that inverse demand, compared with demand may be less price elastic, similar, or more price elastic as competition increases.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
William Kolberg,