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are heavily censored at zero. The traditional approach for working with such data in demand estimation usually involves …This article develops a model of food demand in which the quality and quantity of food purchased and the inter …-purchase time are determined simultaneously. We use this model to explore the relationship between a household's cereal purchases …
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Empirical evidence on households' awareness of electricity prices and potentially divergent demand responses to price … demand of uninformed households is entirely price-inelastic. Based on these results, to curb the electricity consumption of … the household sector and its environmental impact, we suggest implementing low-cost information measures on a large scale …
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effects of other indebtedness, household income, and the size of the program subsidy …
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The crowding-out coefficient is the ratio of the reduction in privately-issued bonds to the increase in government bonds that are issued to finance a tax cut. If (1) Ricardian equivalence holds, and (2) households do not simultaneously borrow risklessly and have positive gross positions in other...
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