of the failed Waxman-Markey bill. First, the MAC is revealed by the price of traded permits. Second, the permit price is …

We show that standard menu cost models cannot simultaneously reproduce the dispersion in the size of micro-price … changes and the extent to which the fraction of price changes increases with inflation in the U.S. time-series. Though the … Golosov and Lucas (2007) model generates fluctuations in the fraction of price changes, it predicts too little dispersion in …

feedstocks over the 2007-2022 period. We find that the biofuel mandate will increase corn price by 24%, reduce the price of … reduce the adverse impact of the mandate alone on crop prices and decrease the price of biofuels. However, they impose a …

This paper investigates factors that explain the large variability in the price of voluntary carbon offsets. We … estimate hedonic price functions using a variety of provider- and project-level characteristics as explanatory variables. We … certifiers, is associated with a price discount. Variables that have no effect on offset prices are the number of projects that a …

price distributions that look more like the world …-country differences in income distributions to variations in import variety and price distributions. The theoretical predictions are … importers whose income distributions look more similar have more export partners in common and more similar import price …

In this paper we assess the effects of the MFA/ATC using both world trade and US data after its removal. Previous …

The Producer Price Index (PPI) for the United States suggests that semiconductor prices have barely been falling in … improve at a rapid pace. Roughly coincident with the shift to slower price declines in the PPI, Intel -- the leading producer … provide a more accurate measure of price change since then. Our preferred hedonic index of MPU prices tracks the PPI closely …

Aggregate art price patterns mask a lot of underlying variation--both in the time series and in the cross- section. We … discuss relevant recent literature, and illustrate the potential of this approach through a historical study of art price … organization of the art market for long-term price trends …