Liao Pan / China News Service / VCG / Getty Images In economics, price elasticity is a measure of how reactive the marketplace is to a change in price for a given product. However, price ...

We study how trade-policy dynamics affect the dynamics of trade volumes and the implications of these effects for estimates of the trade elasticity. We use data on US imports and trade policy from ...

Using a panel dataset consisting of 35 cities in China from 1998 to 2009, the findings show that the implied national price elasticity of housing supply is between 2.8 and 5.6. The city-level analysis ...