calc.hicks.actual.Rd
Given actual price and income elasticities (i.e., calculated using finite difference derivatives), compute the corresponding Hicks elasticities.
calc.hicks.actual(eps, alpha.s, alpha.n, alpha.m)
eps | Elasticity values calculated by |
---|---|
alpha.s | Budget fraction for staples |
alpha.n | Budget fraction for nonstaples |
alpha.m | Budget fraction for materials |
dataframe with hicks elasticities