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Asymmetric Learning in Repeated Contracting: An Empirical Study

Cohen, Alma - National Bureau of Economic Research (NBER) - 2008

This paper studies a unique panel dataset of transactions with repeat customers of an insurer operating in a market in which insurers are not required by law or contract to share information about their customers' records. I use this dataset to test the asymmetric learning hypothesis that...

Persistent link: https://www.econbiz.de/10005575389

Rational Discounting for Regulatory Analysis

Viscusi, W Kip - National Bureau of Economic Research (NBER) - 2006

. However, examination of two policies with intergenerational effects, stratospheric ozone regulation and nuclear waste storage …

Persistent link: https://www.econbiz.de/10005829821

A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler

Goolsbee, Austan; Krueger, Alan B. - National Bureau of Economic Research (NBER) - 2015

This paper takes a retrospective look at the U.S. government’s effort to rescue and restructure General Motors and Chrysler in the midst of the 2009 economic and financial crisis. The paper describes how two of the largest industrial companies in the world came to seek a bailout from the U.S....

Persistent link: https://www.econbiz.de/10011196768

Pain at the Pump: The Differential Effect of Gasoline Prices on New and Used Automobile Markets

Knittel, Christopher R.; Busse, Meghan R.; Zettelmeyer, … - National Bureau of Economic Research (NBER) - 2009

The dramatic increase in gasoline prices from close to $1 in 1999 to $4 at their peak in 2008 made it much more expensive for consumers to operate an automobile. In this paper we investigate whether consumers have adjusted to gasoline price changes by altering what automobiles they purchase and...

Persistent link: https://www.econbiz.de/10008624602

Do Americans Consume Too Little Natural Gas? An Empirical Test of Marginal Cost Pricing

Davis, Lucas W.; Muehlegger, Erich - National Bureau of Economic Research (NBER) - 2010

distortions impose hundreds of millions of dollars of annual welfare loss. Moreover, current price schedules are an important pre …

Persistent link: https://www.econbiz.de/10008628445

The Energy-Policy Efficiency Gap: Was There Ever Support for Gasoline Taxes?

Knittel, Christopher R. - National Bureau of Economic Research (NBER) - 2013

From 1864 to 1972, the real price of oil fell by, on average, over one percent per year. This trend dramatically broke when prices for crude increased by over 650 percent from 1972 to 1980. Policy makers adopted several policies designed to keep oil prices in check and reduce consumption....

Persistent link: https://www.econbiz.de/10010652312

The Equity and Efficiency of Two-Part Tariffs in U.S. Natural Gas Markets

Borenstein, Severin; Davis, Lucas W. - National Bureau of Economic Research (NBER) - 2010

Residential natural gas customers in the United States face volumetric charges for natural gas that average about 30% more than marginal cost. The large markup on natural gas - which is used to cover the fixed infrastructure and operating costs of the local distribution companies - is widely...

Persistent link: https://www.econbiz.de/10008776835

Time-To-Plan Lags for Commercial Construction Projects

Oliner, Stephen D.; Sichel, Daniel; Millar, Jonathan N. - National Bureau of Economic Research (NBER) - 2013

We use a large project-level dataset to estimate the length of the planning period for commercial construction projects in the United States. We find that these time-to-plan lags are long, averaging about 17 months when we aggregate the projects without regard to size and more than 28 months...

Persistent link: https://www.econbiz.de/10010890095

Product and Labor Market Regulations, Production Prices, Wages and Productivity

MAIRESSE, Jacques; Cette, Gilbert; Lopez, Jimmy - National Bureau of Economic Research (NBER) - 2014

basis of their calibration by the OECD product and labour market anti-competitive regulation indicators suggests that nearly …

Persistent link: https://www.econbiz.de/10010950712

Law and Employment: Lessons from Latin America and the Caribbean

Heckman, James; Pages, Carmen - National Bureau of Economic Research (NBER) - 2003

of regulation in Latin America and OECD Europe and discusses the origin of regulation. It shows the fragility of time … series data analyses of the sort widely used to analyze the impact of regulation in OECD Europe and the benefits of using … microdata data. The evidence shows that regulation reduces labor market flexibility, reduces the employment of marginal workers …

Persistent link: https://www.econbiz.de/10005085417