wholesale spot prices. Pure spot pricing is not popular; consumers (and politicians) value price predictability and bill … stability. We focus on second-best alternatives: time-of-use (TOU) and critical peak pricing (CPP). We introduce alternative …

consumers respond to price changes. Several interrelated problems complicate demand analyses of these markets, including … nonlinear pricing, heterogeneity in households' price sensitivities, and data aggregation. This paper formulates a model of … household electricity demand that addresses these difficulties. We estimate the model using data for a representative sample of …

From its inception, demand estimation has faced the problem of "many prices." This paper provides estimators of average … demand and associated bounds on exact consumer surplus when there are many prices in cross-section or panel data. For cross … "zeros problem" of demand. For panel data we provide bias corrected, ridge regularized estimators of average coefficients and …

We demonstrate how to estimate a model of product demand and oligopoly pricing when products are multi … informed by economic theory, we simultaneously estimate a demand system and price-cost margins for products differentiated in …

We analyze tacit collusion in an industry characterized by cyclical demand and long-run scale decisions; firms face … deterministic demand cycles and choose capacity levels prior to competing in prices. Our focus is on the nature of prices. We find … countercyclical. We also establish pricing patterns with respect to the relative prices in booms and recessions. If the marginal cost …

This paper presents estimates of the customer-level demand for electricity by industrial and commercial customers … customers also face the possibility of a demand charge on their electricity consumption during the three half-hour periods that … fraction of the energy charge and the identity of the half-hour periods when demand charges occur are only known with certainty …

is too high because firms ignore an aggregate demand externality, and when there are costs of changing prices, price …

it is detected. We propose a theory of "equilibrium price cutting and business stealing" in cartels to bridge this gap … between theory and observation …

community, we estimate the electricity demand functions for small businesses and households. Based on our estimates, we …

costs while maintaining efficient pricing. We study the magnitude of these distortions for electricity, natural gas, and … gasoline purchased by residential customers across the continental US. We find that the net distortion in pricing electricity … space heating, water heating, and electric vehicles under actual pricing versus setting price at SMC. We find that moving …