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conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant …This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand …
Persistent link: https://www.econbiz.de/10012288032
valuation of DSL connection speeds in the range between 1 and 8 Mbps. Moreover, in January 2014, the valuation of FttH … connections with a speed of 100 Mbps was not much higher than of DSL connections with a speed of 1 to 8 Mbps, but it has increased … quickly over time. The small initial difference in the valuation of DSL and FttH connections may be because consumers' basic …
Persistent link: https://www.econbiz.de/10011954456
The theory of fiscal federalism points out that decentralisation should be pursued in order to fit differences in individual preferences. However, the presence of externalities and the need of providing merit goods to citizens suggest that centralisation is likely to produce more efficient...
Persistent link: https://www.econbiz.de/10009489053
This paper shows that having access to a fast Internet connection is an important determinant of capitalization effects in property markets. Our empirical strategy combines a boundary discontinuity design with controls for time-invariant effects and arbitrary macro-economic shocks at a very...
Persistent link: https://www.econbiz.de/10010476671
Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...
Persistent link: https://www.econbiz.de/10011409371
) develops a formula for estimating the elasticity of value-added with respect to the statutory tax. We show that the marginal … excess burden of the tax on suppliers is measured by this elasticity, extending Feldstein.s analysis of the elasticity of … transactions, again consistently with the theory. We provide an estimate of the elasticity of the VAT tax base in the range of 0 …
Persistent link: https://www.econbiz.de/10010528284
This paper synthesises the state of knowledge on the economic effects of density. We consider 15 outcome categories and 209 estimates of density elasticities from 103 studies. More than 50% of these estimates have not been previously published and have been provided by authors on request or...
Persistent link: https://www.econbiz.de/10011752552
Persistent link: https://www.econbiz.de/10003688934
This paper studies the effect of surveillance cameras on crime in the Stockholm subway. Beginning in 2006, surveillance cameras were installed in the subway stations at different points in time. Difference-in-difference analysis reveals that the introduction of the cameras reduced crime by...
Persistent link: https://www.econbiz.de/10003923757
Persistent link: https://www.econbiz.de/10011402698