endogeneity of gasoline prices. Second, the responsiveness of gasoline consumption to a change in tax may differ from the …

Large fluctuations in energy prices have been a distinguishing characteristic of the U.S. economy since the 1970s …. Turmoil in the Middle East, rising energy prices in the U.S. and evidence of global warming recently have reignited interest … in the link between energy prices and economic performance. This paper addresses a number of the key issues in this …

the elasticity of innovation, as measured by the number of new chemical entities appearing on the market for a given … additional new chemical entity. An elasticity substantially and significantly below one-half is also a plausible implication of …

This paper compares how cash and in-kind transfers affect local prices. Both types of transfers increase the demand for … normal goods, but only in-kind transfers also increase supply. Hence, in-kind transfers should lead to lower prices than cash …

This Paper documents four basic facts about investment goods and investment prices. First, investment has a very …

This paper lays out an econometric strategy for estimating the effect of advertising on prices, by exploiting seasonal … demand and imperfect targeting. We present two simple models of duopoly where firms choose prices and advertising. In times …

We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … and significant impact on sectoral prices. Increased openness lowers prices by both reducing markups and raising … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …