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Policy analysis frequently requires estimates of aggregate (or mean) consumer elasticities. However, estimates are often made incorrectly, based on elasticity calculations at mean income. We provide in this paper an overall integrated analytical framework that encompasses these biases and...
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. Chronic health conditions therefore increase in poor economic times. There is considerable spatial heterogeneity across local …
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heterogeneity in revealed preferences.) Actual trade in the constructed economies using a tatonnement market institution closely …
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this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which … associated with smaller border effects. The reason is that due to spatial frictions, aggregation across space increases the … mechanism leads to border effect heterogeneity and is independent of multilateral resistance effects in general equilibrium …
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)]. Increasing heterogeneity in spending of populations of households leads to this sufficient condition which is falsifiable from … is, indeed, positive definite. The required heterogeneity condition is also well supported in this data where one can not …
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