Econometric estimates of the responsiveness of health-related consumer demand to higher prices are often key … ingredients for policy analysis. Drawing on several examples, especially that of cigarette demand, we review the potential … advantages and challenges of synthesizing econometric evidence on the price-responsiveness of consumer demand. We argue that the …

demand, the size of the price change, and the degree of frictions. The degree of frictions is measured by the utility losses … labor supply elasticity of 0.33 on the intensive margin and 0.25 on the extensive margin after accounting for frictions …

our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result … military action. In the case of inelastic resource demand, war incentives increase over time and war may become inevitable. Our …

elasticity of the demand for the output and the impact of demand and cost shifters. The use of this framework helps, in the first … way to assess the welfare effects of firms' innovative actions by estimating their impact on both cost and demand. We show …

empirical analysis of firm behavior that compares corporate demand for property and catastrophe insurance (here, terrorism). We … combine demand and supply data and apply a simultaneous-equation approach to address the problem of endogenous premium … decisions. The main finding is that demand for property and catastrophe insurance are not very different and that the demand for …

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 …

This paper estimates the price elasticity of demand for alcohol using Health and Retirement Survey data. To account for …

that the price elasticity of demand grows from –0:09 in the first six months to –0:27 two years later. We also estimate a …We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long … more sophisticated model in which usage is a function of past and future prices, and we find similar elasticity patterns …

We estimate the price elasticity of water demand with household-level data, structurally modeling the piecewise … elasticity of demand under increasing-block prices and compare conditional and unconditional elasticities analytically and … empirically. We test the hypothesis that price elasticity may depend on price structure, beyond technical differences in …

industry using panel data on prices, sales and characteristics. We find that the one-year elasticity in response to a … transitory industry-wide price shock is about 25% less than the one-month elasticity. Standard cost-of-living indices overstate …