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"The Real Thing:" Nominal Price Rigidity of the Nickel Coke, 1886-1959

Levy, Daniel; Young, Andrew T. - In: Journal of Money, Credit, and Banking 36 (2004) 4 (Special Issue), pp. 765-799

We report that the price of a 6.5oz Coke was 5¢ from 1886 until 1959. Thus, we are documenting a nominal price rigidity … Coke, nevertheless, remained unchanged. We find that this unusual rigidity is best explained by (1) a contract between the … the nickel Coke phenomenon is discussed in the context of Nickel and Dime Stores, which were popular in the US in the late …

Persistent link: https://www.econbiz.de/10012120487

"The Real Thing:" Nominal Price Rigidity of the Nickel Coke, 1886-1959

Levy, Daniel; Young, Andrew T. - 2004

Persistent link: https://www.econbiz.de/10013204741

Towards a holistic approach to sustainable risk management in agriculture in the EU: A literature review

Arata, Linda; Cerroni, Simone; Santeramo, Fabio Gaetano; … - In: Bio-based and Applied Economics (BAE) 12 (2023) 3, pp. 165-182

Agriculture is one of the sectors most exposed to a plethora of risky phenomena such as weather, pests and diseases, changes in prices and government policies, instability of global markets. We review the literature on risk management (RM) in agriculture focusing on five key issues: i) why...

Persistent link: https://www.econbiz.de/10015425808

De-Fueling Externalities: Causal Effects of Fuel Taxation and Mediating Mechanisms for Delivering Climate and Health Benefits

Basaglia, Pier; Behr, Sophie M.; Drupp, Moritz A. - 2023

This paper provides a comprehensive evaluation of the world's largest environmental tax reform. We compare carbon and air pollutant emissions of the German transport sector and synthetic counterfactuals following the 1999 eco-tax reform, and find average reductions in external damages of around...

Persistent link: https://www.econbiz.de/10014377482

De-fueling externalities: How tax salience and fuel substitution mediate climate and health benefits

Basaglia, Pier; Behr, Sophie M.; Drupp, Moritz A. - 2023

Persistent link: https://www.econbiz.de/10014637019

The response of macro variables of emerging and developed oil importers to oil price movements

Taghizadeh-Hesary, Farhad; Yoshino, Naoyuki; Hossein … - 2015

This paper assesses the impact of crude oil price movements on two macro variables - the gross domestic product (GDP) growth rate and consumer price index inflation rate - in the developed economies of the United States and Japan, and an emerging economy, the People's Republic of China (PRC)....

Persistent link: https://www.econbiz.de/10011311026

Inter-Fuel Substitution, Energy Demand and Embodied Technical Change

Kratena, Kurt - 1999

This paper describes final energy demand for different fuels at a disaggregated level of 12 activities of the economy plus households. The model used combines single equations for total final energy demand with translog functions for inter-fuel substitution. At both stages embodied and...

Persistent link: https://www.econbiz.de/10011435045

Firm-level estimates of fuel substitution: An application to carbon pricing

Hyland, Marie; Haller, Stefanie - 2015

We estimate partial- and total-fuel substitution elasticities between electricity, gas and oil, using firm-level data. We find that, based on the partial elasticity measure, electricity is the least-responsive fuel to changes in its own price and in the price of other fuels. The total elasticity...

Persistent link: https://www.econbiz.de/10011439991

Firm-level estimates of fuel substitution: An application to carbon pricing

Hyland, Marie; Haller, Stefanie - 2015

Persistent link: https://www.econbiz.de/10011440377

The Effect of Carbon Taxes on Directed Technological Innovation: A Case Study of Sweden

Oppelt, Paolo - In: Junior Management Science (JUMS) 9 (2024) 1, pp. 1286-1305

A carbon tax is widely seen as an effective climate policy instrument for discouraging the emission of greenhouse gases that cause climate change. According to the economic theory of the Porter hypothesis, a carbon tax can induce directed technological change toward innovation in clean...

Persistent link: https://www.econbiz.de/10014521210