The case for higher oil prices Nov 19, 2009
The greatest risk to higher oil prices lies in the substitution effect where, as oil gets more expensive, consumers start to change their behaviour, as occurred last year when oil hit $US147 a barrel. Theres almost certainly a natural ceiling for oil prices but, for reasons weve explained, its likely to be higher than current prices. (Sydney Morning Herald -- Business)
A clunker of a holiday on the way Aug 26, 2009
One is the substitution effect. When one good is suddenly priced lower than another, consumers buy more of the discounted product and less of other high-priced goods. (Atlanta Journal-Constitution -- Opinion)
Silver service Aug 11, 2009
He says there is not a "substitution effect" that means that a young worker automatically takes up a job that an older worker vacates. "There is a strong business argument for an age diverse workforce," he says. (BBC News -- UK)
SYV weathering recession better than others Jun 5, 2009
Hamilton said the substitution effect of local travel will not be large enough to offset the loss of tourism from outside the area. Still, he said, the slowdown will not be as serious for certain businesses. (Santa Maria Times)
The Law of Demand Jun 1, 2009
There are two reasons for this, the first being the income and substitution effects ... The substitution effect means that other similar products now seem more expensive compared to the lower priced product. (Suite101.com)
Elevator pitches: Show me the VC money Apr 14, 2009
and the impact they would have on pricing and the substitution effect their products would have on New Home products. I'm just not convinced that the exclusivity of the New Home channel will be defendable as the broader market expands. (San Francisco Chronicle -- Business)
Glendale openly opposes Indian casino plan Mar 26, 2009
It is estimated that the substitution effect could be as high as 75 percent. Norris said the city's study was "a series of mistaken assumptions which lead to a host of inaccurate conclusions.". (AZCentral -- News)
