distributed across geographic locations, which can reproduce this stylized fact as a result of an expansion in the supply of … sustain debt. As a result, when the supply of credit increases and interest rates fall, they take on disproportionately more …

, 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 …

suggests a bigger role for supply disruptions that restricted the ability of retailers to re-stock goods after the earthquake …

constraining the gasoline and diesel supply chains. We consider several factors that alter the elasticity of supply, including … variation in the demand for untaxed uses of diesel. In general, we find that in periods of time when the supply chain is … supply disruptions such as after major hurricanes …

We find that the supply of and demand for insurance for tree crops is much larger than for non-tree crops. Crop … for these specialty crops has little benefit for consumers, even when it generates a large supply response …

influences the supply of amenities and local public goods. Pollution, congestion, and the quality of public education are …