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Salience and skewness preferences
Dertwinkel-Kalt, Markus; Köster, Mats - 2018
Whether people seek or avoid risks on gambling, insurance, asset, or labor markets crucially depends on the skewness of …
Persistent link: https://www.econbiz.de/10011951682
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A life-cycle theory analysis of french household electricity demand
Belaïd, Fateh; Rault, Christophe; Massié, Camille - 2021
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
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Understanding the estimation of oil demand and oil supply elasticities
Kilian, Lutz - 2020
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
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Facts and fiction in oil market modeling
Kilian, Lutz - 2019
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
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Demand estimation using managerial responses to automated price recommendations
García, Daniel; Tolvanen, Juha; Wagner, Alexander K. - 2021
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
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Heterogeneity in the pass-through from oil to gasoline prices : a new instrument for estimating the price elasticity of gasoline demand
Kilian, Lutz; Zhou, Xiaoqing - 2023
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
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Health values, preference inconsistency, and insurance demand
Wrede, Matthias (contributor) - 2005
demand for medical care. It considers the insurance demand of different types of agents: naive individuals, individuals who … are able to commit to medical care demand and sophisticated individuals. Furthermore, it raises the question of whether …
Persistent link: https://www.econbiz.de/10003300915
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Collective labor supply of native Dutch and immigrant households in the Netherlands
Klaveren, Chris van; Praag, Bernard M. S. van; Maassen … - 2009
We estimate a collective time allocation model, where Dutch, Surinamese/Antillean and Turkish households behave as if both spouses maximize a household utility function. We assume that paid labor and housework are the endogenous choice variables and furthermore consider household production....
Persistent link: https://www.econbiz.de/10003922862
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Evaluating real world income distributions behind the veil of ignorance : how risk averse do you have to be to prefer Europe over the US?
Weichenrieder, Alfons J.; Zafar, Tasneem - 2011
country has reduced over time. -- income distribution ; veil of ignorance ; cross country comparison …
Persistent link: https://www.econbiz.de/10009375066
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Tax incentives, bequest motives, and the demand for life insurance : evidence from two natural experiments in Germany
Sauter, Nicolas; Walliser, Jan; Winter, Joachim - 2010
-insurance demand. An unanticipated tax reform in 2000 halved the tax exemption limit for capital income in Germany. We document that … the demand for life insurance reacted strongly to this change. With regard to bequest motives, we analyze the demand for … viewed as an experimental institutional setting where life-insurance demand was not influenced by tax considerations which …
Persistent link: https://www.econbiz.de/10003966524