affect expected future prices through inventory accretion or depletion. We use our estimated elasticities to evaluate the … impact of ethanol subsidies and mandates on world food commodity prices, quantities, and food consumers' surplus. The current … for ethanol generation. As a result, world food prices are predicted to increase by about 30 percent and global consumer …

labor supply elasticity of 0.33 on the intensive margin and 0.25 on the extensive margin after accounting for frictions …

interact to information flows, how new information is capitalized into stock prices, and how financial crises alter these …

to 2005, we examine the effects of gasoline prices on the automotive fleet's composition. We find that high gasoline … prices affect fleet fuel economy through two channels: (1) shifting new auto purchases towards more fuel-efficient vehicles … estimates suggest that a 10% increase in gasoline prices from 2005 levels will generate a 0.22% increase in fleet fuel economy …

through their internal networks of establishments. During the Great Recession, the massive decline in house prices caused a …-level employment with respect to house prices in other counties in which the firm has establishments. At the same time, establishments … of firms with larger regional networks exhibit lower employment elasticities with respect to local house prices in the …

Econometric estimates of the responsiveness of health-related consumer demand to higher prices are often key … the price-elasticity of smoking help predict trends in smoking from 1995 to 2010. The demographics of the smoking … population in our baseline year predict a downward trend in smoking even if cigarette prices remained constant. Average cigarette …