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Table 1. A Comparison of Marshallian Elasticities in the Semilog and
Double Semilog Models
|
Elasticity |
Semilog Double Semilog |
|
Income(%37) |
"M8 "3M8/x3 |
|
Own Price (i) |
#3Р8 #3Р8(1 - %37) |
|
Cross Price (j) |
#4P” #4P8(1 - %37) |
|
Own Quality (i) |
#3DZ3P” #3DZ3 ∙ (1 - %37)[P8 - 1/("з — #з)] |
|
Cross Quality (j) |
#4D Z4 P” #4D Z4 P” ∙ (1 - %37 ) |