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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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Modeling fluctuations in the global demand for commodities
Kilian, Lutz; Zhou, Xiaoqing - 2017
It is widely understood that the real price of globally traded commodities is determined by the forces of demand and … supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with …
Persistent link: https://www.econbiz.de/10011754229
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Explosive oil prices
Gronwald, Marc - 2013
/1991, speculative demand shocks also played a role. Third, it is shown that temporary oil price hikes influence economic decisions that … demand shocks can emerge that to date appear to have been overlooked. …
Persistent link: https://www.econbiz.de/10009786017
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Why Bitcoin and Ethereum differ in transaction costs : a theory of blockchain fee policies
Ndiaye, Abdoulaye - 2024
Blockchains, the technology underlying cryptocurrencies, face large fluctuations in user demand and marginal costs …, the elasticity of demand, the validators’ uncertainty about demand, and the covariance of demand and marginal costs. My …
Persistent link: https://www.econbiz.de/10015046289
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Electricity use as a real time indicator of the economic burden of the COVID-19-related lockdown : evidence from Switzerland
Janzen, Benedikt; Radulescu, Doina - 2020
electricity demand, the 4 per cent decrease in electricity use implies a 6 per cent output reduction in these sectors. In addition …
Persistent link: https://www.econbiz.de/10012229313
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Interjurisdictional Spillovers, Decentralized Policymaking and the Elasticity of Capital Supply
Eichner, Thomas; Runkel, Marco - 2010
This paper points to the important role which the elasticity of aggregate capital supply with respect to the net rate of return to capital plays for the efficiency of policymaking in a decentralized economy with mobile capital and spillovers among jurisdictions. In accordance with previous...
Persistent link: https://www.econbiz.de/10008697805