this type works best when it incorporates careful econometrics, serious consideration of underlying mechanisms (including …

Oil market VAR models have become the standard tool for understanding the evolution of the real price of oil and its … mainstream economists to understand the differences between alternative oil market models, let alone the basis for the sometimes … is on the econometric foundations of the analysis of oil market models with special attention to the identifying …

I discuss the econometrics and the economics of past research on the effects of minimum wages on employment in the …

We investigate the impacts of electricity market restructuring on fuel efficiency, utilization and, new to this area … without. Our analysis finds that restructuring led to: (1) a two percent improvement in fuel efficiency for IOs, (2) a ten …

This paper characterizes efficient labor-market allocations in a labor selection model. The model’s crucial aspect is …

determination of an optimal rights structure results. It is further shown that an efficiency analysis based on a ‘naive’ cost …

. We investigate competitive market outcomes with an endogenous household structure in which no individual and no man …

Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We … conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors …

in turn inuences its economic efficiency. The environment we explore is one in which a country’s lower classes may revolt … economic efficiency. Trade integration alters the relative value of the elite’s wealth. This alters the lower classes … determines whether trade integration increases or reduces economic efficiency. The econometric findings support the model’s main …