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Behind the scenes of the telecommunications miracle : an empirical analysis of the Indian market
Biancini, Sara - 2010
We analyze the demand and supply characteristics of the Indian telecommunications market, in order to assess the … potential effectiveness of universal access policies in developing countries. We provide some empirical evidence on the supply … and demand characteristics, using a small time-series-cross-section dataset on Indian States. We suggest that the price …
Persistent link: https://www.econbiz.de/10008806687
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Structural interpretation of vector autoregressions with incomplete information : revisiting the role of oil supply and demand shocks : comment
Kilian, Lutz; Zhou, Xiaoqing - 2018
mainly the imposition of a highly unrealistic prior for the global impact price elasticity of oil supply. Once identification … uncertainty about the global price elasticity of oil supply is accounted for by specifying a prior more in line with extraneous …
Persistent link: https://www.econbiz.de/10011882307
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Demand or supply? : price adjustment during the Covid-19 pandemic
Balleer, Almut; Link, Sebastian; Menkhoff, Manuel; … - 2020 - This version: August 2020
We study planned price changes in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand deficiencies dominate in the short run. Quarter … role for demand stimulus policy to buffer the Covid-19 economic crisis. …
Persistent link: https://www.econbiz.de/10012238496
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Structural interpretation of vector autoregressions with incomplete identification : revisiting the role of oil supply and demand shocks
Baumeister, Christiane; Hamilton, James D. - 2017 - Revised December 21, 2017
and demand. Supply disruptions turn out to be a bigger factor in historical oil price movements and inventory accumulation … uncertainty about the identifying assumptions themselves. We use this approach to revisit the importance of shocks to oil supply … a smaller factor than implied by earlier estimates. Supply shocks lead to a reduction in global economic activity after …
Persistent link: https://www.econbiz.de/10011782040
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The euro area government spending multiplier in demand- and supply-driven recessions
Di Serio, Mario; Fragetta, Matteo; Gasteiger, Emanuel; … - 2022
We estimate government spending multipliers in demand- and supply-driven recessions for the Euro Area. Multipliers in a … moderately demand-driven recession are 2-3 times larger than in a moderately supply-driven recession, with the difference between … from -0.5 in supply-driven recessions to about 2 in demand-driven recessions. The econometric approach leverages a factor …
Persistent link: https://www.econbiz.de/10013174156
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The impact of foreclosure on housing prices
Siebert, Ralph - 2015
estimate the impact of foreclosure on home prices in Florida and Indiana from 2000 to 2008. We employ a model of housing demand …
Persistent link: https://www.econbiz.de/10010477084
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Housing-consumption channel of mortgage demand
Ahlfeldt, Gabriel M.; Szumilo, Nikodem; Tripathy, Jagdish - 2024
a structural approach to mortgage demand and supply, exploiting exogenous variation in house-price growth and a unique …We quantify the housing-consumption channel in mortgage demand according to which households borrow more following …
Persistent link: https://www.econbiz.de/10014637339
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Reaching market equilibrium merely by bilateral barters
Flåm, Sjur D. - 2013
Motivated by emission and resource markets, this paper considers repeated, bilateral barters between owners of commodity bundles, contingent claims, or property rights. Focus is on feasible, voluntary exchanges, driven only by differences in substitution rates. No coordination is ever needed....
Persistent link: https://www.econbiz.de/10010212640
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Lord, how I want to be in that number! : on the blessing of UNESCO world heritage listing
Bertacchini, Enrico; Revelli, Federico; Zotti, Roberto - 2023
This paper studies the impact of UNESCO World Heritage List (WHL) inscription on income and property values in the Italian municipalities that had their sites inscribed during the past two decades. To address the selection bias and identify the causal impact of inscription, we focus on sites...
Persistent link: https://www.econbiz.de/10013555722
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The measurement of spatial competition : evidence from the real estate market
Siebert, Ralph; Zhou, Xiaoyan - 2024
This study provides a test for measurement of spatial competition in residential real estate markets. Several alternative spatial competition measures are tested. We employ a Bertrand oligopoly model with differentiated products and adopt a Spatial Autoregressive model using a two stage least...
Persistent link: https://www.econbiz.de/10015074587