The Calculation of Research Benefits with Linear and Nonlinear Specifications of Demand and Supply: Reply
回应Elbasha对Voon和Edwards研究收益计算的批评，指出分歧源于供给曲线设定而非生产者剩余度量，澄清了在供给弹性小于1时线性供给曲线下研究收益的估算问题。
Elbasha argues that Voon and Edwards overestimated the gains from research when there is a pivotal shift in a linear supply curve and the elasticity of supply is less than unity. He says the difference in his position and ours is due to the use of different measures of producer surplus. The difference instead can be interpreted to center on the specification of the supply curve under inelastic supply. We have experience of the issue in contention being raised in other forums, and we are pleased to have the opportunity to address it.