It has been suggested that poor people lose from any food price increase engendered by inappropriate policies. In particular, protectionist policies impel an increase in the cost of living, which ultimately hurt the small farm households. Through estimation of household price elasticity of...

This paper examines effects of reference pricing for prescription drugs in German social health insurance based on econometric panel data methods. We analyze the effect on ex-factory prices. Moreover, we investigate whether manufacturers adapt prices of their products not subject to reference...

Due to tight fiscal budget, health care planners have started to explore alternative financing mechanisms. These alternatives can be effectively implemented given thorough understanding of mechanisms that direct household demand for health care. This paper investigates the factors of...

We provide consistent, cross-country estimates of price and income elasticity for households in 11 OECD countries. Using survey data from 2011 on annual consumption of electricity and sample-derived average electricity price, we provide country-specific price elasticity estimates and average...

Given a rational agent, demand for a habit-forming good is sensitive to uncertainty in future prices. In particular, price uncertainty reduces both the level and the price responsiveness of demand. These two effects, which may bear heavily on the efficacy of policies to discourage consumption of...

In this paper, we report 4 sets of 8 multivariate regression equations, introducing the socioeconomic factors for the estimation models of monthly electricity consumption in the primary, secondary, tertiary industry, and the household sectors, to study the quantitative effects of socioeconomic...

The economic and environmental implications of energy subsidies have received renewed attention from policymakers and economists in recent years. Nevertheless there remains significant uncertainty regarding the magnitude of the impact of energy subsidies on energy consumption. In this paper we...

This paper, using a six-region DSGE model of the world economy, assesses the GDP and current account implications of permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional production technologies the effects are modest. But...

This paper estimates demand for housing and its attributes in urban Bangladesh using a survey of 4400 owner, renter and squatter households. The results revealed that housing demand is inelastic with respect to income and price; and price elasticity is less than income elasticity in absolute...

I estimate permanent and transitory tax-price and income elasticity of charitable giving in Germany using a rich panel data of tax return for the years 2001-2006. Income tax reforms were implemented in 2004 and 2005. The results suggest that the permanent tax-price elasticity varies...