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own-price elasticity of quantity demand for soda of between -1.0 and -1.3. These estimates ignore consumer responses on … the quality margin and correlated measurement errors. We use Mexican household budget survey data and city-level soda … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity …
Persistent link: https://www.econbiz.de/10011647675
We examine the impact of Articial Intelligence (AI) on productivity in the context of taxi drivers. The AI we study … assists drivers with finding customers by suggesting routes along which the demand is predicted to be high. We find that AI … improves drivers' productivity by shortening the cruising time, and such gain is accrued only to low-skilled drivers, narrowing …
Persistent link: https://www.econbiz.de/10013433210
for individuals living with children actually induce very significant increases in the demand for holidays from …
Persistent link: https://www.econbiz.de/10010457821
effectiveness of demand-based policies, and their impact across household groups, in a more electrified future. …
Persistent link: https://www.econbiz.de/10013171863
This paper develops a pseudo-panel approach to examine household electricity demand behavior through the household life … evidence that the income elasticity of French residential electricity demand is 0.22, averaged over our four cohorts of … electricity consumption follows an inverted U-shaped distribution as a function of the age of the household's head. Most notably …
Persistent link: https://www.econbiz.de/10012390802
Income mobility is often thought to equalize permanent incomes and thereby to improve social welfare. The welfare analysis of mobility often fails, however, to account for the cost of the variability of periodic incomes around permanent incomes. This paper assesses the net welfare benefit of...
Persistent link: https://www.econbiz.de/10009308021
; the first assesses the social welfare implications of changes in household income distributions over the business cycle …
Persistent link: https://www.econbiz.de/10010212989
Acknowledging that individuals dislike having low relative income renders trade less attractive when seen as a technology that integrates two economies by merging separate social spheres into one. We define a "trembling trade" as a situation in which gains from trade are less than losses in...
Persistent link: https://www.econbiz.de/10012295537
We use queuing-related behavior as an instrument for assessing the social appeal of alternative cultural norms. Specifically, we study the behavior of rational and sophisticated individuals who stand in a given queue waiting to be served, and who, in order to speed up the process, consider...
Persistent link: https://www.econbiz.de/10012019242
government's revenue needs, the social-welfare weight of low-productivity workers, and the numbers and productivities of the …
Persistent link: https://www.econbiz.de/10011810325