Showing 1 - 10 of 373
We study intertemporal price discrimination when consumers can store for future consumption needs. To make the problem tractable we offer a simple model of demand dynamics, which we estimate using market level data. Optimal pricing involves temporary price reductions that enable sellers to...
Persistent link: https://www.econbiz.de/10012461669
Persistent link: https://www.econbiz.de/10000062504
Primary commodities are used as inputs into all production processes, yet they account for approximately 16 percent of world trade. Despite their share in trade, we show that the aggregate gains from trade are largely understated if we ignore key features of commodities: low price elasticities...
Persistent link: https://www.econbiz.de/10012480618
This is the first study to present a unified quantitative account of African commodity trade in the long 19th century from the zenith of the Atlantic slave trade (1790s) to the eve of World War II (1939). Drawing evidence from a new dataset on export and import prices, volumes, composition and...
Persistent link: https://www.econbiz.de/10012457454
Persistent differences in interest rates across countries account for much of the profitability of currency carry trade strategies. "Commodity currencies'' tend to have high interest rates while low interest rate currencies belong to exporters of finished goods. This pattern arises in a...
Persistent link: https://www.econbiz.de/10012459290
We develop a dynamic model of a small open economy that trades commodities whose world prices are subject to realistic random fluctuations, and study the implications of monetary policy alternatives. The model is much more flexible than those of previous studies, especially in allowing to...
Persistent link: https://www.econbiz.de/10012460124
This paper provides a broad overview of recent trends in solid waste and recycling, related public policy issues, and … the economics literature devoted to these topics. Public attention to solid waste and recycling has increased dramatically … makers choose the efficient mix of policy levers to regulate solid waste and recycling activities. Economists have also …
Persistent link: https://www.econbiz.de/10012471458
This paper estimates the impact of a user fee and a curbside recycling program on garbage and recycling amounts … policies and the levels of garbage and recycling collected in the community. A simple sequential model of local policymaking is … cross-section of towns without user fees but with and without curbside recycling programs. The combined data set is larger …
Persistent link: https://www.econbiz.de/10012472797
We analyze alternative policies such as a disposal content fee, a subsidy for recyclable designs, unit pricing of household disposal, a deposit-refund system, and a manufacturer `take-back' requirement. In order to identify the problem being addressed, we build a simple general equilibrium model...
Persistent link: https://www.econbiz.de/10012473254
This paper develops a utility maximizing model of household choice among garbage disposal, recycling, and littering … recycling. The model explains (1) why some households participate in curbside recycling programs even in the absence of a user …-wide quantities of garbage, recycling, and litter. We show how an increase in the user fee can decrease aggregate recycling …
Persistent link: https://www.econbiz.de/10012474002