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Replication data for: How Large Are Non-Budget-Constraint Effects of Prices on Demand?

Version
1
Resource Type
Dataset
Creator
  • Heffetz, Ori
  • Shayo, Moses
Publication Date
2009-10-01
Description
  • Abstract

    Elementary consumer theory assumes prices affect demand only because they affect the budget constraint (BC). Alternative models, and some evidence, suggest prices can affect demand through other, non-BC channels (e.g., by signaling quality). This paper uses a lab and a field experiment to disentangle BC from non-BC effects of prices on demand. In the lab, we find that although prices positively affect stated willingness to pay, non-BC price elasticities are considerably smaller than BC price elasticities, are often statistically insignificant, and do not increase with product uncertainty. We do not detect any non-BC effects in our field experiment. (JEL C93, D12, M31)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/app.1.4.170 (Text)
Publications
  • Heffetz, Ori, and Moses Shayo. “How Large Are Non-Budget-Constraint Effects of Prices on Demand?” American Economic Journal: Applied Economics 1, no. 4 (September 2009): 170–99. https://doi.org/10.1257/app.1.4.170.
    • ID: 10.1257/app.1.4.170 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Heffetz, Ori; Shayo, Moses (2009): Replication data for: How Large Are Non-Budget-Constraint Effects of Prices on Demand?. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E113572V1