are constrained by the effective lower bound, demand effects are stronger, leading firms to raise their prices more and no …

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … depends on the consumers' rational price expectations from the recent past. By implication, demand responses are more elastic …

-constrained consumers' access to financial markets make demand insensitive to interest rate fluctuations. The demand of credit … price sector influence aggregate demand and, for monetary policy to have its desired effect, the central bank has to …

The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated … the growing literature on models used to study demand, consumer baseline (CBL) and demand response in the electricity … market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand …

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 …

We study a parent's demand for gratitude from his child. We view this demand as an intervening variable between the … parent's earnings and the incidence of child labor. The demand for gratitude arises from the desire of a parent to receive …

sizes and child-to-staff ratios with the universe of online job postings to study the impact of regulations on the demand … that child care regulations may reduce the demand for child care labor, while simultaneously altering the composition of …

We examine theoretically demand in a two-good economy where the demand of one good is influenced by either a spillover … similar choices as others. A positive spillover effect increases the demand for the good with interactions, and a conformity … effect makes the demand curve pivot around the average market demand to make demand less price sensitive. The collateral …

environment with a few simple, realistic ingredients and demonstrate that using an asking price is optimal: it is the pricing … characterization of this equilibrium and use it to explore the positive implications of this pricing mechanism for transaction prices …