You’re right that the paper I posted doesn’t present direct evidence. I just thought it was important that in their literature review they claim that prior studies show that demand curves are not perfectly elastic (at least in theory. They aren’t citing empirical papers).
On the empirical side, I’m surprised to hear you say that there seems to be agreement that long-run demand curves are perfectly elastic. On page 18 of the founder’s pledge report, you seem to say that there is expert disagreement on this, and you cite multiple recent studies on both sides of the issue. Has more evidence come out since the report was published?
Thanks for the reply.
You’re right that the paper I posted doesn’t present direct evidence. I just thought it was important that in their literature review they claim that prior studies show that demand curves are not perfectly elastic (at least in theory. They aren’t citing empirical papers).
On the empirical side, I’m surprised to hear you say that there seems to be agreement that long-run demand curves are perfectly elastic. On page 18 of the founder’s pledge report, you seem to say that there is expert disagreement on this, and you cite multiple recent studies on both sides of the issue. Has more evidence come out since the report was published?