market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand … case for possible application to the electricity market and discusses the implications of the results. In the literature … and demand response in the power market and their relationships. It enhances demand response in the electricity market …

simultaneously product and labor market imperfections, this paper quantifies industry differences in both types of imperfections … of Hall's econometric framework for estimating price-cost margins by nesting three labor market settings (perfect … market imperfections. Consistent with differences in institutions and in the industrial relations system in the two countries …

We study the implications of financial-market imperfections on labor and capital misallocation in China. Financial … model can jointly explain labor flows out of and capital flows into the Chinese provinces with high capital market … that the underlying financial friction can be inferred by differences-in-differences in the market shares of private and …

This paper presents new evidence on international trade and worker outcomes. It examines a big world event that … occurred in any of the world's four major currencies since the collapse of Bretton Woods. Exploiting this variation, the paper … intermediate imports. This provides new direct evidence that, in the modern world of global value chains, it is changes in the cost …