Abstract
This paper investigates how scanner data affect demand elasticity estimates and develops methods for scientists to adapt estimated elasticities to analyses of specific policies. We conduct a meta-analysis of U.S. demand elasticities and find evidence that scanner data generate statistically different elasticities, with more elastic demand than other data types. Own-price elasticity estimates from household scanner quantity data appear to be more elastic than other quantity types. Household-level estimates using retail scanner price data, as proxies for prices, tend to be more price-elastic than other price types. These results suggest caution or adjustment when selecting elasticities for policy analysis.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 760-780 |
| Number of pages | 21 |
| Journal | Applied Economic Perspectives and Policy |
| Volume | 46 |
| Issue number | 2 |
| DOIs | |
| State | Published - Jun 2024 |
All Science Journal Classification (ASJC) codes
- Development
- Economics and Econometrics