Simultaneity represents a fundamental problem when estimating the elasticity of substitution between capital and labour … problem of estimating the elasticity of substitution between capital and labour. We propose a pooled GMM (PGMM) estimator … elasticity of substitution to be 1.8 using P-GMM and 1.0 using a fixed effects estimator. Hence, neglecting simultaneity may lead …

of recruitment and applies it to German data. Our estimates of the wage elasticity of recruitment are about 1.4. We also … offered wage, but there is very little research on this. This paper presents a methodology for estimating the wage elasticity …

,01% and 0,03%, depending on the group of workers and the period, being higher among those with perfect elasticity of …

We provide the first estimate of the elasticity of marginal utility of consumption, μ, for Europe and for thirty …

optimal environmental policy. Despite the importance, a constant and exogenous elasticity of substitution has been a dominant … theoretical approach. We challenge this assumption by developing a dynamic general equilibrium model with an endogenous elasticity … of substitution that interacts with the relative share of clean inputs in the economy. We find strong dynamic feedback …

the preferences and price sensitivity of consumers. This article therefore estimates the price elasticity of demand for …

elasticity of amenity demand, with an empirical application to a cross-sectional hedonic data set. Besides estimation of the … implicit price elasticity of amenity demand, my approach also allows for simultaneous estimation of the implicit price … elasticity of housing demand, nonparametric characterization of the sorting equilibrium and partial recovery of households’ bid …

jointly estimates the elasticity of substitution between clean and dirty energy and the direction of technical change. Using …