Managerial Economics and Business Strategy, 4/e Michael Baye,
Indiana University - Bloomington
Quantitative Demand Analysis
Chapter OutlineHeadline: Winners of Wireless Auction to Pay $7 Billion - Introduction
- The Elasticity Concept
- Own-Price Elasticity of Demand
- Elasticity and Total Revenue
- Factors Affecting the Own-Price Elasticity
- Available Substitutes
- Time
- Expenditure Share
- Marginal Revenue and the Own Price Elasticity of Demand
- Cross-Price Elasticity
- Income Elasticity
- Other Elasticities
- Obtaining Elasticities from Demand Functions
- Elasticities for Linear Demand Functions
- Elasticities for Nonlinear Demand Functions
- Regression Analysis
- Evaluating the Statistical Significance of Estimated Coefficients
- Confidence Intervals
- The t-Statistic
- Evaluating the Overall Fit of the Regression Line
- The R-Square
- The F-Statistic
- Nonlinear and Multiple Regressions
- Nonlinear Regressions
- Multiple Regression
- Answering the Headline
- Summary
- Key Terms and Concepts
- Conceptual and Computational Questions
- Problems and Applications
- Selected Readings
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