Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun Plural form of
elasticity .
Etymologies
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Examples
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From the demand side, though short term elasticities are very low, the same cannot be said of the long term.
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From the demand side, though short term elasticities are very low, the same cannot be said of the long term.
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Thus it is called the elasticities approach to the trade balance.
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Have you seen research estimating the elasticities of inheritance taxes versus income taxes (and consumption taxes)?
Taxes and Market Time, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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No one studies elasticities of demand for oil more than OPEC.
Oil Econ, Once More, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Even Menzie Chin, a stout Keynesian, became concerned that resources no long had the same distribution of elasticities and that a general stimulus would not work.
Matthew Yglesias » ABC Can’t Find Economists Who Think the Stimulus Failed 2010
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The authors found that the incentive effects of unemployment insurance on recipients to delay finding a job are not insignificant and that "the estimates of the elasticities of lost work time that incorporate both the incidence and duration of claims are close to 1.0 for unemployment insurance."
Krueger vs. Obama 2011
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Thus, the tax ends up falling on both consumers and producers, with the exact distribution determined by the elasticities of demand and supply.
Oil Econ Follow-up, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Simple means of reported elasticities are -0.46 for beer, -0.69 for wine and -0.80 for spirits.
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Based on elasticities, the main gainers will probably be First World consumers, First World taxpayers, and owners of high-quality land in the Third World.
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