A Study of Price Elasticity of Demand for Books

Student: Urazmanova Kristina

Faculty: Faculty of Economics, Management, and Business Informatics

Educational Programme: Economics (Bachelor)

Year of Graduation: 2017

The paper presents a model of book demand and the results of estimation of elasticity of demand on price. As a database used a sample with information on bookstore sales. 7 demand models was built and evaluated. All the hypotheses were confirmed. The demand for books was inelastic and the price ratio has turned negative. The study also found that the elasticity of demand on price between genres is different. Confirmation of the hypothesis that expensive books are luxury goods were achieved. Limitations of the work are the presence of heteroscedasticity and the presence of missing significant variables.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses