Demand elasticities and other features of demand are critical determinants of the answers to most positive and … normative questions about market power or the functioning of markets in practice. As a result, reliable demand estimation is an … discussion of some foundational issues in demand estimation. We focus on the distinctive challenges of demand estimation and …

We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks … - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations. Demand is identified … recycled as feed stock for livestock, the predicted price increase scales back to 20 percent. While commodity demand is …

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 …

crisis, we observe (not estimate) limit order demand and supply curves for individual stocks. Both curves have demonstrably … and demand elasticities correlate negatively at high frequencies. That is, when a stock exhibits an unusually elastic … demand curve, it tends simultaneously to exhibit an unusually inelastic supply curve, and vice versa. These findings have …

's Longitudinal Business Database, we document that firms redistribute the employment impacts of local demand shocks across regions … sharp drop in consumer demand, leading to large employment losses in the non-tradable sector. Consistent with firms … local demand shocks in other counties linked through firms' internal networks. These results are not driven by direct demand …

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 …

uncertainty, is the overall elasticity of taxable income. We provide new estimates of this elasticity which address identification … income, and on variation in the elasticity of taxable income by income group. We find that the overall elasticity of taxable … income is approximately 0.4; the elasticity of real income, not including tax preferences, is much lower. We also estimate …

compensated elasticity of income with respect to tax rates. These models are used to perform simulations of bunching and calibrate … the key parameters (the behavioral elasticity and the extent to which taxpayers control their income) to the empirical … income distributions. Except for low income earners, the behavioral elasticity consistent with the empirical results is small …