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Full price elasticities and the value of time: A Tribute to the Beckerian model of the allocation of time

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Academic year: 2021

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Table  1  shows  that  full  price  elasticities  estimated  on  full  budget  share  by  a  LAIDS  system (calibrating the full income elasticity by formula 12) are very similar to those obtained  on the equation using monetary expenditures

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