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We propose a new instrument for estimating the price elasticity of gasoline demand that exploits systematic differences … response to an aggregate oil price shock. Time-varying estimates do not support the view that the gasoline demand elasticity … rose to about -0.2 in 2015-16, but has remained stable since 2016. Gasoline demand is more responsive in states with lower …
Persistent link: https://www.econbiz.de/10014250001
Least-squares estimates of the response of gasoline consumption to a change in the gasoline price are biased toward … zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline … prices using gasoline taxes, but this approach tends to yield implausibly large price elasticities. We demonstrate that …
Persistent link: https://www.econbiz.de/10011431005
rebates in France as quasi-natural experiments to infer the price sensitivity of fuel demand. Based on granular individual …
Persistent link: https://www.econbiz.de/10014467335
This paper develops a pseudo-panel approach to examine household electricity demand behaviour through the household … evidence that the income elasticity of French residential electricity demand is 0.22, averaged over our four cohorts of …
Persistent link: https://www.econbiz.de/10012415417
This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant …
Persistent link: https://www.econbiz.de/10012288032
Baumeister and Hamilton (2019a) assert that every critique of their work on oil markets by Kilian and Zhou (2019a) is without merit. In addition, they make the case that key aspects of the economic and econometric analysis in the widely used oil market model of Kilian and Murphy (2014) and its...
Persistent link: https://www.econbiz.de/10012119530
We provide a new framework to identify demand elasticities in markets where managers rely on algorithmic … identify demand elasticities across hotel room types and over time. We confirm these elasticity estimates with a difference …-function approach to two classic questions in the dynamic pricing literature: the evolution of price elasticity of demand over time as …
Persistent link: https://www.econbiz.de/10012534709
price regulations. Consumers demand stricter fuel price regulations to provide transparency about the current price level … Price Fixing Act on gasoline and diesel price levels. Using the synthetic control method, we construct a counterfactual and … Price Fixing Act came into effect, gasoline prices are 23.4% lower than the synthetic control predicts. The effect on diesel …
Persistent link: https://www.econbiz.de/10012415508
months, starting on 1 June 2022. Using the synthetic control method to compare actual prices of gasoline and diesel to those …
Persistent link: https://www.econbiz.de/10013380895
Persistent link: https://www.econbiz.de/10003612712