Table 12 Price elasticity of demand welfare impact robustness results
From: Assessing post-harvest labor shortages, wages, and welfare
Pome commodity market (million $) | ||||||||
|---|---|---|---|---|---|---|---|---|
Source | Data period | Price elast. | Surp. | Post-shock CE | Post-shock fixed wage | Welfare change | Post-shock fixed wage Trans. | Welfare change trans. |
Henneberry et al. (1999) | 1970–1992 | − 0.59 | Cons. | 8032.6 | 6788.0 | − 1244.6 | 1344.1 | − 6688.5 |
Firm | 1002.2 | 2187.9 | 1185.7 | 1002.2 | 0.0 | |||
Total | 9034.8 | 8975.9 | − 58.9 | 2346.3 | − 6688.5 | |||
Okrent & Alston (2012) | 1998–2010 | − 0.60 | Cons. | 7876.4 | 6648.9 | − 1227.5 | 1348.0 | − 6528.4 |
Firm | 999.2 | 2172.6 | 1173.4 | 999.2 | 0.0 | |||
Total | 8875.6 | 8821.5 | − 54.2 | 2347.2 | − 6528.4 | |||
Zheng (2010) | 1998–2006 | − 0.49 | Cons. | 9607.0 | 7819.2 | − 1787.8 | 1107.1 | − 8499.9 |
Firm | 985.3 | 2537.3 | 1552.0 | 985.3 | 0.0 | |||
Total | 10,592.3 | 10,356.4 | − 235.8 | 2092.4 | − 499.9 | |||