Xbox 360 more wanted than playstation 3?

[aavidbacon]

1- Wouldn't be 1:1. Unless the price dropped to the same price of the the Arcade( unlikely) or close. 

2- Wouldn't be $199 and you still have the Elite. There would still have a price discrimination.

3- The exact elasticity? No you can't, but with enough data you could estimate an equation, if that's what you want. And I bet it would be favourable to the PS3.

 

But that doesn't matter, as this is only a net discussion, nothing academical. Sure I would like to study this matter more deeply, but I don't have the time, data or the money to do that.