Browsing The Economic and Social Review, Vol. 05, No. 1, 1973 by Subject "Petrol Demand"

Now showing items 1-2 of 2

    • Elasticity of demand for petrol in Ireland - comment 

      Arthur, W. Brian (Economic & Social StudiesDUBLIN, 1973)
      In an article in this journal (April 1972) W . K. O'Riordan estimated the price elasticity of petrol to be between minus 1.2 and minus 1.7. These values are surprisingly high. Petrol is expensive but the other major expenses ...

    • Elasticity of demand for petrol in Ireland - reply 

      O'Riordan, WK (Economic & Social StudiesDUBLIN, 1973)
      I thank Dr. Arthur for his interesting and thoughtful comment. I am afraid that he rather misquotes me when he says that I estimated the elasticity as being between -1.2 and -1-7. My interpretation (stated in the conclusions) ...