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Record W2067237083 · doi:10.1177/027753024002007

A Need to Revamp Textbook Presentations of Price Elasticity

2002· article· en· W2067237083 on OpenAlexaff
John R. Dickinson

Bibliographic record

VenueJournal of Marketing Education · 2002
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicConsumer Market Behavior and Pricing
Canadian institutionsUniversity of Windsor
Fundersnot available
KeywordsElasticity (physics)Price elasticity of demandCross elasticity of demandPrice elasticity of supplyEconometricsEconomicsRevenueMicroeconomics

Abstract

fetched live from OpenAlex

Estimating price elasticity as commonly introduced in marketing textbooks is unrealistically simplistic. Actual estimation issubject to numerousconfounding factors. Generally, true price elasticity is not known and, thus, it is not possible to quantify deviation between estimated and true price elasticity. This study uses a simulation gaming platform where true price elasticity is known to compare estimated and true price elasticity. The results suggest that the simple formula and total revenue–price relationship estimation methods for price elasticity are subject to considerable error.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.022
metaresearch head score (Gemma)0.149
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: Not applicable
GenreCandidate signal: Commentary · Consensus signal: Commentary
Teacher disagreement score0.028
Threshold uncertainty score0.116

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0220.149
Meta-epidemiology (narrow)0.0020.001
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0040.003
Science and technology studies0.0020.006
Scholarly communication0.0110.030
Open science0.0040.007
Research integrity0.0050.027
Insufficient payload (model declined to judge)0.0280.011

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.024
GPT teacher head0.268
Teacher spread0.244 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreCommentary

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations8
Published2002
Admission routes1
Has abstractyes

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