Showing 1 - 10 of 522
This paper formulates and estimates a household-level, billing-cycle water demand model under increasing block prices … household demographics in the utility's service territory to recover the impact of these factors on water demand. An index of … models are used to compute the distribution of utility-level water demand and revenues for any possible price schedule …
Persistent link: https://www.econbiz.de/10012456175
We estimate the price elasticity of water demand with household-level data, structurally modeling the piecewise … elasticity of demand under increasing-block prices and compare conditional and unconditional elasticities analytically and … water utility service areas …
Persistent link: https://www.econbiz.de/10012465074
demand by residential households for water. It uses the changes in distributions of water using the census block group levels …This paper exploits the seasonal and annual changes in marginal prices for water to estimate the price elasticity of … in response to changes in marginal prices of water for matched months across years. This strategy reduces the interaction …
Persistent link: https://www.econbiz.de/10012460368
Instrumental variables (IV) estimation of a demand equation using time series data is shown to produce a weighted … average derivative of heterogeneous potential demand functions. This result adapts recent work on the causal interpretation of … market in New York City to estimate an average elasticity of wholesale demand for fresh fish. The weighting function …
Persistent link: https://www.econbiz.de/10012473812
Persistent link: https://www.econbiz.de/10000663281
This paper introduces a new cost dataset for a commercial aircraft firm and uses this data to analyze the dynamics of learning in commercial aircraft production. This dataset is found to be inconsistent with the simple learning hypothesis, and particularly the prediction that a firm's unit cost...
Persistent link: https://www.econbiz.de/10012471667
In many industries firms can learn about new technologies from other adopters; mandatory disclosure regulations represent an understudied channel for this type of social learning. We study an environmentally-focused law in the shale gas industry to examine firms' claims that disclosure...
Persistent link: https://www.econbiz.de/10012481048
In the presence of uncertainty about what a country can be good at producing, there can be great social value to discovering costs of domestic activities because such discoveries can be easily imitated. We develop a general-equilibrium framework for a small open economy to clarify the analytical...
Persistent link: https://www.econbiz.de/10012469762
This paper deals with processes that require several complementary inputs subject to improvements in quality. If after a quality upgrade one of these inputs requires a period of learning before it can be used effectively, then in general it will pay to purchase the inputs at different dates --...
Persistent link: https://www.econbiz.de/10012472958
greatest effect on utility. Deviations of consumption from the full-information benchmark are then largest at high frequencies …, so consumption responds strongly to predictable changes in income in the short-run but is closer to a random walk in the …
Persistent link: https://www.econbiz.de/10012453797