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, we provide the first estimates of broad-scale welfare and distributional implications of this supply boom. We provide new … estimates of supply and demand elasticities, which we use to estimate the drop in natural gas prices that is attributable to the … supply expansion. We calculate large, positive welfare impacts for four broad sectors of gas consumption (residential …
Persistent link: https://www.econbiz.de/10013023687
Understanding the sensitivity of gasoline demand to changes in prices and income has important implications for policies related to climate change, optimal taxation and national security, to name only a few. While the short-run price and income elasticities of gasoline demand in the United...
Persistent link: https://www.econbiz.de/10012760637
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 homeowners, who refinance at regular and quasi-exogenous...
Persistent link: https://www.econbiz.de/10012947015
This paper presents estimates of the customer-level demand for electricity by industrial and commercial customers purchasing electricity according to the half-hourly energy prices from the England and Wales (E&W) electricity market. These customers also face the possibility of a demand charge on...
Persistent link: https://www.econbiz.de/10014133542
combine demand and supply data and apply a simultaneous-equation approach to address the problem of endogenous premium …
Persistent link: https://www.econbiz.de/10013120307
We analyze several rounds of U.S. import restrictions against washing machines. Using retail price data, we estimate the price effect of these import restrictions by comparing the price changes of washers with those of other appliances. We find that in response to the 2018 tariffs on nearly all...
Persistent link: https://www.econbiz.de/10012871943
This paper examines how estimates of the price elasticity of demand for beer vary with the choice of alcohol price series examined. Our most important finding is that the commonly used ACCRA price data are unlikely to reliably indicate alcohol demand elasticities--estimates obtained from this...
Persistent link: https://www.econbiz.de/10013008431
Over the U.S. business cycle, fluctuations in residential investment are well known to systematically lead GDP. These dynamics are documented here to be specific to the U.S. and Canada. In other developed economies residential investment is broadly coincident with GDP. Nonresidential investment...
Persistent link: https://www.econbiz.de/10013099826
This paper investigates whether oil prices have a reliable and stable out-of-sample relationship with the Canadian/U.S dollar nominal exchange rate. Despite state-of-the-art methodologies, we find little systematic relation between oil prices and the exchange rate at the monthly and quarterly...
Persistent link: https://www.econbiz.de/10013107723
We exploit migration patterns from the UK to Australia, South Africa, and the US to investigate whether a person …
Persistent link: https://www.econbiz.de/10013082153