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allocation decisions. We define a measure of the price of impure altruism as the additional proportion of income sacrificed by a … overall charitable donations. We discuss the implications of our experimental results for both theory and policy …
Persistent link: https://www.econbiz.de/10013080136
This paper empirically examines the degree of persistence in four precious metal prices (i.e., gold, palladium, platinum, and silver) during the last four U.S. recessions. Unit root tests and fractional integration techniques suggest that gold still is the most prominent safe haven asset within...
Persistent link: https://www.econbiz.de/10014351417
the minimum wage and to the micro patterns of price stickiness. For that purpose, we use a unique dataset of individual … price quotes collected to calculate theConsumer Price Index in France and we estimate a price rigidity model based on a …
Persistent link: https://www.econbiz.de/10012764170
provenance of the artwork, omitted variables in most previous studies, seem to be more important determinants of the sale price …;), although (4) there is strong evidence in our data for the declining price anomaly, or quot;afternoon effect.quot …
Persistent link: https://www.econbiz.de/10012705816
analyze three therapeutic classes with different treatment durations and show that the reform led to substantial price … decreases for our lifelong treatment and to less substantial price reductions for our medium duration treatment while we do not …
Persistent link: https://www.econbiz.de/10013029645
We show that tax-induced increases in alcohol prices can lead to substantial substitution and avoidance behavior that limits reductions in alcohol consumption. Causal estimates are derived from a natural experiment in Illinois where spirits and wine taxes were raised sharply and unexpectedly in...
Persistent link: https://www.econbiz.de/10012835244
2020, we find for manufacturing establishments a gas price elasticity of labor demand of −0.02, likely reflecting a scale … effect. We also show that a rise in the gas price leads to an increase in establishment closure. A negative impact of the gas … price on wages of 2 percent is consistent with rent-sharing …
Persistent link: https://www.econbiz.de/10014358623
domestic products) reference price system.We find that while our estimated consumer compensating variation is small, the reform …
Persistent link: https://www.econbiz.de/10013085071
The consequences of tobacco control policies for individual welfare are difficult to assess. We therefore evaluate the impact of smoking bans and cigarette prices on subjective well-being by analyzing data for 40 European countries and regions between 1990 and 2011. We exploit the staggered...
Persistent link: https://www.econbiz.de/10013087409
the degree of price rigidity that is inherent to the price setting mechanism (intrinsic) and that which is due to the … price's driving variables (extrinsic). Using two data sets consisting of a large fraction of the price quotes used to … compute the Belgian and French CPI, we are able to assess the role of intrinsic and extrinsic price stickiness in explaining …
Persistent link: https://www.econbiz.de/10013317064