Showing 1 - 10 of 2,023
This paper exploits the seasonal and annual changes in marginal prices for water to estimate the price elasticity of demand by residential households for water. It uses the changes in distributions of water using the census block group levels in response to changes in marginal prices of water...
Persistent link: https://www.econbiz.de/10013101832
, 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
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
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
Since the passage of the Terrorism Risk Insurance Act of 2002, corporate terrorism insurance is sold as a separate policy from commercial property coverage. In this paper, we determine whether companies differ in their demand for property and terrorism insurance. Using a unique dataset of...
Persistent link: https://www.econbiz.de/10013074297
We document the degree of price dispersion and the similarities as well as differences in pricing and promotion strategies across stores in the U.S. retail (grocery) industry. Our analysis is based on “big data” that allow us to draw general conclusions based on the prices for close to...
Persistent link: https://www.econbiz.de/10012862405
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
Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...
Persistent link: https://www.econbiz.de/10013218517
Although the empirical growth literature has yielded many findings on postwar convergence patterns, it has had little to say about the determinants of convergence in earlier epochs. This paper investigates convergence for group of seven countries during the period 1870-1914, the last great phase...
Persistent link: https://www.econbiz.de/10013228017