response to changes in the relative price of the two fuels. In particular, we study the following entities: investor … considered. Using simple back-of-the-envelope calculations, the almost 70% drop in the price of natural gas between June 2008 and …

A direct consequence of imposing a ceiling on the price of a good for which secondary markets do not exist, is that … cost has been discussed in the literature as a potentially important component of the total welfare loss from price … data for the U.S. residential market for natural gas which was subject to price ceilings during 1954-1989. This market is …

plants substantially reduce the price paid for coal (but not gas), and tend to employ less capital-intensive sulfur abatement …

We use microdata underlying U.S. consumer, producer and import price indices to document how the distribution of price … policy? Using a flexible accounting framework which collapses the high-dimensional distribution of price changes into a … single measure of aggregate price flexibility, we show that flexibility is highly variable and countercyclical …

relationship between price declines and volume increases upon LOE holds among these drugs. First, we examine the extent to which … utilization subsequent to LOE. We observe substantial price erosion after generic entry; average monthly price declines appear to …

Did the 1973 and 1979 gasoline price rises change consumer views about the relative quality of different cars? This … effect of gasoline price increases but also for the effects of changes in other prices and income, we develop two alternative … fraction of the coefficient change that did occur during this period can be attributed to the gasoline price increase alone …

hedonic methods may overstate the price decline of personal computers. We model computers as a durable good and suppose that … the true price of computer services at the time the machine is purchased with the concurrent level of software. To assess … these theoretical results we estimate the model and find that before 2000 the hedonic price index constructed with BLS …