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Economic theory suggests that demand is more elastic in the long run relative to the short run, but evidence on the empirical relevance of this phenomenon is scarce. We study the dynamics of residential electricity demand by exploiting price variation arising from a natural experiment: the...
Persistent link: https://www.econbiz.de/10012455198
Persistent link: https://www.econbiz.de/10000112367
States intensified, ameliorated, or had no effect on income distribution. We find that branch deregulation lowered income … inequality. Deregulation lowered income inequality by affecting labor market conditions, not by boosting the business income of …
Persistent link: https://www.econbiz.de/10010521579
"This paper investigates the impacts of cotton marketing reforms on farm productivity, a key element for poverty alleviation, in rural Zambia. The reforms comprised the elimination of the Zambian cotton marketing board that was in place since 1977. Following liberalization, the sector adopted an...
Persistent link: https://www.econbiz.de/10010522398
Persistent link: https://www.econbiz.de/10002545132
profits. Instead of such an equilibrium, a deregulation race is likely to emerge in which all but the last country repeal … their antitrust laws. The deregulation race results in a chain of Stackelberg leadership positions taken over by national …
Persistent link: https://www.econbiz.de/10012471517
A first step in the 'big bang' markets was the deregulation of the foreign exchange market on April 1, 1998. This paper … the deregulation. Intra-day data are analyzed with the following results: (1) Holding constant the effects of volume and … volatility, the deregulation was associated with a convergence of Japanese quoted spreads toward those of other banks. (2 …
Persistent link: https://www.econbiz.de/10012471543
This paper deals with the relation between commercial policy and "the" equilibrium real exchange rate. The paper clarifies the meaning of real exchange rate by comparing five different definitions that are currently found in the literature, The analysis focuses on the effects of an economic...
Persistent link: https://www.econbiz.de/10012476891
This paper describes the effects of deregulation on negotiated wage rates and employment levels of aircraft mechanics … real wage rates since deregulation,and only recent increases in interfirm wage differentials. Employment growth rates, on …-entrant airlines. The data suggest that deregulation resulted in a transfer of 5000-7000 maintenance jobs from the incumbent trunks to …
Persistent link: https://www.econbiz.de/10012477229
This paper reviews a specific group of recent publications by Black, Fama, Hall, and Greenfield and Yeager that (i) encourage the relaxation of government controls on the banking industry, (ii) emphasize the possibility of an economy in which most transactions are carried out through an...
Persistent link: https://www.econbiz.de/10012477512