Confidence Intervals for Elasticities and Flexibilities from Linear Equations Academic Article

abstract

• Information regarding the precision of elasticity and flexibility estimates from equations linear in original variables is typically missing from empirical studies. A result due to Fieller which allows construction of exact confidence intervals for elasticities and flexibilities from such equations is demonstrated. Exact confidence intervals are not necessarily narrowest at mean levels nor are they symmetric about the point estimates of the elasticities and flexibilities. Empirical examples indicate that exact 95 percent confidence intervals for price flexibilities for food items can be quite wide. 1984 American Agricultural Economics Association.

authors

• Capps, Oral

published proceedings

• American Journal of Agricultural Economics

author list (cited authors)

• Miller, S. E., Capps, O., & Wells, G. J.

citation count

• 20

complete list of authors

• Miller, Stephen E||Capps, Oral||Wells, Gary J

publication date

• August 1984

publisher

• Wiley  Publisher

published in

• American Journal of Agricultural Economics  Journal

keywords

• 3 Good Health And Well Being

Digital Object Identifier (DOI)

• 10.2307/1240807

start page

• 392

end page

• 396

volume

• 66

issue

• 3

URL

• http://dx.doi.org/10.2307/1240807

user-defined tag

• 3 Good Health and Well-Being