The partial-adjustment approach to the specification of the short-run demand for money has dominated the literature for … enter with a negative sign. Third, the estimated equation for real balances may not be a money demand equation at all, but … rather its coefficients may represent a shifting mixture of demand and supply responses. The empirical work examines several …

fourth and first quarters (the "cold season"). House price seasonality poses a challenge to existing models of the housing …, deterministic driver of seasonality can be amplified and revealed as deterministic seasonality in transactions and prices …

demand and imperfect targeting. We present two simple models of duopoly where firms choose prices and advertising. In times … of high demand for the product, a larger fraction of consumers who obtain an advertisements are interested in the product … sufficiently large degree of advertising seasonality to justify estimation by the LIML or Fuller-k method. Among those industries …

observed in major patent offices. We provide the first panel-based evidence suggesting that fees affect the demand for patents … residential demand for oil or water). The laxity of fee policies adopted by patent offices over the past 25 years therefore …

(EPC). We provide a first empirical evidence showing that the fee elasticity of the demand for priority applications is …

Several regulatory authorities worldwide have recently imposed forward contract obligations on electricity producers as … bidding in electricity markets, or in any other auction-based market. For this purpose, we introduce forward contracts in a …

The paper is concerned with the empirical modelling of domestic demand for energy in the United Kingdom at the level of …-stage budgeting model of the household's demand for energy conditional on its ownership of durables. Preferences at both stages of the …, electricity and a composite good, "other fuels". This composite good is subject to such large measurement errors in the data set …