focused on the dynamic and cross-sectional response ofLMPs to systematic changes in demand-bid price sensitivities andsupply …-offer price cap levels under varied learning specificationsfor the generation companies. Also explored is the extent to whichthe … supply offers of the marginal (price-determining) generationcompanies induce correlations among neighboring LMPs.[...] …

This paper applies production theory to define a new set of inputs for U.S. households over the post-World War II … women’s and men’s housework, and seven other inputgroups. The econometric results yield plausible price and income … categoriesare substitutes for women’s housework. Since the price of all inputs, except for men’s housework,has fallen significantly …

This paper revisits the issue of the optimal exchange rate regime in a flexible price environment. The key innovation …

additives from processors and sell blended retail gasoline price sales at a marginal cost that includes the blended input value …. Analysis can now include price and output adjustment in factor and product markets, and the competitiveness of new processes …

price responses to contemporaneous shocks. Weconstruct a pure exchange economy populated by two agents who estimate … volume to dry up. Asa result, price sensitivity to current shocks along with persistence are shown tobe dramatically …

We provide a new method to derive the state price density per unit probabilitybased on option prices and GARCH model …