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The Joint Identification of Utility and Discount Functions from Stated Choice Data : An Application to Durable Goods Adoption

Dubé, Jean-Pierre - 2012

We present a survey design that generalizes static conjoint experiments to elicit inter-temporal adoption decisions for durable goods. We show that consumers' utility and discount functions in a dynamic discrete choice model are jointly identified using data generated by this specific design. In...

Persistent link: https://www.econbiz.de/10013100670

Second Thoughts on the European Escape from Hunger : Famines, Price Elasticities, Entitlements, Chronic Malnutrition, and Mortality Rates

Fogel, Robert William - 2022

decline in total mortality between the eighteenth and nineteenth centuries. (2) The use of variations in wheat prices to … and Charles I succeeded in reducing the variability of annual wheat prices by over 70 percent. (5) A change in the …

Persistent link: https://www.econbiz.de/10014158878

Firm Performance and the Volatility of Worker Earnings

Juhn, Chinhui - 2017

Using linked employer-employee data for the U.S., we examine whether shocks to firm revenues are transmitted to the earnings of continuing employees. While full insurance is rejected, the elasticity of worker earnings with respect to persistent shocks in firm revenues is small and consistent...

Persistent link: https://www.econbiz.de/10012964398

The Effect of House Prices on Household Borrowing : A New Approach

Cloyne, James - 2017

We investigate the effect of house prices on household borrowing using administrative mortgage data from the UK and a … new empirical approach. The data contain household-level information on house prices and borrowing in a panel of … Great Recession. We present two main results. First, there is a clear and robust effect of house prices on borrowing, but …

Persistent link: https://www.econbiz.de/10012947015

The Long-Run Dynamics of Electricity Demand : Evidence from Municipal Aggregation

Deryugina, Tatyana - 2017

more sophisticated model in which usage is a function of past and future prices, and we find similar elasticity patterns …

Persistent link: https://www.econbiz.de/10012954912

Intertemporal Substitution in Health Care Demand : Evidence from the Rand Health Insurance Experiment

Lin, Haizhen - 2016

, because people who hit the MDE face high future and past prices. As a result, we estimate that sensitivity to short …

Persistent link: https://www.econbiz.de/10012979771

Impure Impact Giving : Theory and Evidence

Hungerman, Daniel M. - 2018

We present a new model of charitable giving where individuals regard out-of-pocket donations and the matches they induce as different. We show that match-price elasticities combine conventional price effects with the strength of warm-glow, so that a match-price elasticity alone is insufficient...

Persistent link: https://www.econbiz.de/10012912172

Natural Gas Price Elasticities and Optimal Cost Recovery Under Consumer Heterogeneity : Evidence from 300 Million Natural Gas Bills

Auffhammer, Max - 2018

Half of American households heat their homes with natural gas furnaces and 43% use it to heat their water. Hence, understanding residential natural gas consumption behavior has become a first-order problem. In this paper, we provide the first ever causally identified, microdata-based estimates...

Persistent link: https://www.econbiz.de/10012914081

Subsidizing Mass Adoption of Electric Vehicles : Quasi-Experimental Evidence from California

Muehlegger, Erich - 2018

Little is known about electric vehicle (EV) demand by low- and middle-income households. In this paper, we exploit a policy that provides exogenous variation in large EV subsidies targeted at the mass market in California. Using transaction-level data, we estimate three important policy...

Persistent link: https://www.econbiz.de/10012906453

Intermedia Substitutability and Market Demand by National Advertisers

Silk, Alvin J.; Klein, Lisa R.; Berndt, Ernst R. - 2021

We assess substitutable and complementary relationships among eight national advertising media classes, as well as the magnitude of their own-price elasticities. We use a translog demand model, whose parameters we estimate by three-stage least squares, based on 1960-94 annual U.S. data.We find...

Persistent link: https://www.econbiz.de/10013218304