Showing 1 - 10 of 95
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
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
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
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
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
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
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
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
A Bayesian supply function equilibrium is characterized in a market where firms have private information about their … uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition …, competitiveness is affected by the parameters of the information structure: supply functions are steeper with more noise in the …
Persistent link: https://www.econbiz.de/10003763172
A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have … uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function …. Price-cost margins and bid shading are affected by the parameters of the information structure: supply functions are steeper …
Persistent link: https://www.econbiz.de/10003910453