This paper measures the extent to which prices exceed marginal costs in the U.S. natural gas distributionmarket during the period 1991-2007. We find large departures from marginal cost pricing in all 50states, with residential and commercial customers facing average markups of over 40%. Based...

Die zentrale Funktion von Preisen is es, Signale an die Anbieter und Nachfrager auf den entsprechenden Märkten zu vermitteln. Die Sensitivität der Reaktion von Anbietern und Nachfragern auf Preisänderungen auf Boden- und Immobilienmärkten wird dabei anhand von sogenannten direkten...

We conduct a large-scale …eld experiment with 2,440 subjects in whichwe exogenously vary the price of contributing to the closest empiricalcounterpart of an in…nitely large public good, climate change mitigation.We …nd that the price e¤ect is robust and negative, but quantitativelyweak, with...

Russia is experiencing deep structural changes in many areas. For the seafood industryimportant developments are large increases in household incomes, development of modernsuper- and hypermarket distribution channels, and product innovations. In the seafoodcategory consumers are adopting new...

This paper examines the aggregate demand for inputs, including housework and otherservices, used by the US household sector to produce home goods that directly provide them utilityover the post-World War II period. By assuming that households produce a commodity called homegoods and that...

Our paper deals with econometric developments for the estimation of the gravity model whichlead to convergent parameter estimates even when a correlation exists between theexplanatory variables and the specific unobservable characteristics of each unit. Weimplement panel data econometric...

This paper discusses the impact of the international transfer of embodiedtechnological change on the employment evolution of skills in a sample of low andmiddle income countries (LMICs). A large body of literature has already underlinedthe occurrence of widening wage and employment differentials...

Der vorliegende Endbericht ist Ergebnis der Studie „Die volkswirtschaftliche Bedeutunggeistigen Eigentums und dessen Schutzes mit Fokus auf den Mittelstand“, welche imAuftrag des Bundesministeriums für Wirtschaft und Technologie durch das Fraunhofer-Institut für System und...

The use of different currencies in the invoicing of international trade transactions plays a major role in the international transmission of economic fluctuations. Existing studies argue that an exporter’s invoicing choice reflects structural aspects of her industry, such as market share and...

Real effective exchange rate volatility is examined for 90 countries using monthlydata from January 1990 to June 2006. Volatility decreases with openness tointernational trade and per capita GDP, and increases with inflation, particularlyunder a horizontal peg or band, and with terms-of-trade...