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ELEMENTS OF DEMAND THEORY
MODELS AND DATA
20 other sections not shown
01 level aggregation animal products basic model carriers and railroads chapter Coefficient of Determination commodity and regional commodity classes commodity markets commodity variables comparative advantage consumption ratio cross effects cross elasticities cross price decrease demand functions demand model Determination R2 display dummy variable set Economic elasticity estimates elasticity of substitution equations 8.1 estimates in Table estimates obtained ESTIMATES OF EQUATION explanation explanatory power Forests Mines Animals freight increase indicate indifference curve input Interstate Commerce Commission large standard errors linear Log Pm/Pr Log Pr macro model manufactures market shares meaningful micro Middle Atlantic modified model motor carrier demand negative signs nificant observations output Pacific Regions parameter estimates point estimates price elasticities price ratio Price Variables pricing effects products of mines quantity railroad demand regional and commodity Significant at 01 statistical Table 24 ticity timates tion transport demand transport modes transportation consumption trend estimates tures Forests Mines utilized