Interpretation(s) of elasticity in operant demand.
This brief report provides an account of varying interpretations of elasticity (η) in the operant demand framework. General references to "demand elasticity" have existed since the Exponential model of operant demand was proposed by Hursh and Silberberg (2008). This term has been used interchangeabl...
| Publicado en: | Journal of the Experimental Analysis of Behavior Vol. 114; no. 1; pp. 106 - 116 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Wiley-Blackwell
Jul2020
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=144669059&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 144669059 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00225002 JOE jtl: Journal of the Experimental Analysis of Behavior issn: 00225002 maglogo: Y pubinfo: dt: Jul2020 vid: 114 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 144669059 10.1002/jeab.610 ppf: 106 ppct: 10 formats: tig: atl: Interpretation(s) of elasticity in operant demand. aug: au: Gilroy, Shawn P. Kaplan, Brent A. Reed, Derek D. affil: Louisiana State University University of Kentucky University of Kansas su: Elasticity (Economics) Demand function Nonlinear functions Behavioral economics sug: subj: Elasticity (Economics) Demand function Nonlinear functions Behavioral economics keyword: behavioral economics elasticity mathematical modeling operant demand behavioral economics elasticity mathematical modeling operant demand ab: This brief report provides an account of varying interpretations of elasticity (η) in the operant demand framework. General references to "demand elasticity" have existed since the Exponential model of operant demand was proposed by Hursh and Silberberg (2008). This term has been used interchangeably with Essential Value (EV), PMAX, and the rate of change constant α. This report provides an in‐depth account of η and the various ways in which this metric has been used to interpret fitted demand functions. A review of relevant mathematic terms, operations associated with differentiating parameters, and worked solutions for η are provided for linear and nonlinear demand functions. The relations between η and EV, PMAX, and α are described and explained in terms of their mathematical bases and recommendations are provided regarding their individual interpretation. This report concludes with recommendations for providing additional mathematical detail in published works and emphasizing a consistent use of terms when describing aspects of operant demand. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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