Elasticity log log regression model

[Kathrine Andersen]

Hey,

we have a data set with a number of variables which explains the demand in the pharmacy market. We are trying to find the price elasticities given the variables. Price is one of the variables amongst others, as population growth, income and number of pharmacies. We have a number of different types of medicines and we want to separate the elasticities within these groups. We are not interested in the elasticities that explains how the percentage change in income affects the demand. We only want to know the elasticities of the different types of medicines based on the regression which includes the given variables (price, income etc.). We are thinking of using the log log regression model.

We are grateful for all the help we can get.

[Emad Shehata]

Elasticities can be on average or variable
for dependent variable and each independent variable