Search Results - subject:"Elasticity of"

The Demand for Cocaine by Young Adults : A Rational Addiction Approach

Grossman, Michael; Chaloupka, Frank J.; Brown, Charles C. - 2021

use. The long-run price elasticity of total consumption (participation multiplied by frequency given participation) of -1 …

Persistent link: https://www.econbiz.de/10013247647

Household Electricity Demand, Revisited

Reiss, Peter C.; White, Matthew W. - 2021

Recent efforts to restructure and partially deregulate electricity markets have renewed interest in understanding how consumers respond to price changes. Several interrelated problems complicate demand analyses of these markets, including nonlinear pricing, heterogeneity in households' price...

Persistent link: https://www.econbiz.de/10013248390

Illicit Drug Use Among Arrestees and Drug Prices

Dave, Dhaval - 2021

Previous studies, by relying on nationally representative surveys, have overlooked the important fact that use of addictive substances is not uniformly distributed; subgroups of hardcore users account for most of the drug consumption. This study employs the Drug Use Forecasting system to analyze...

Persistent link: https://www.econbiz.de/10013248570

On Pitchforks and Tomahawks

Pflüger, Michael; Südekum, Jens - 2021

The core-periphery model by Krugman (1991) has two 'dramatic' implications: catastrophic agglomeration and locational hysteresis. We study this seminal model with CES instead of Cobb-Douglas upper tier preferences. This small generalization suffices to change these stark implications. For a wide...

Persistent link: https://www.econbiz.de/10013324862

How Elastic is the Demand for Labor?

Clark, Kim B.; Freeman, Richard B. - 2021

This paper investigates the magnitude of the elasticity of demand for labor in time series data using more general and … elasticity, of demand with respect to real wages is much larger than the estimates in the literature, indicating much greater …

Persistent link: https://www.econbiz.de/10013229141

Measuring Prices and Price Competition Online : Amazon and Barnes and Noble

Goolsbee, Austan; Chevalier, Judith A. - 2021

Despite the interest in measuring price sensitivity of online consumers, most academic work on Internet commerce is hindered by a lack of data on quantity. In this paper we use publicly available data on the sales ranks of about 20,000 books to derive quantity proxies at the two leading online...

Persistent link: https://www.econbiz.de/10013230767

Trade in Ideal Varieties : Theory and Evidence

Hummels, David; Lugovskyy, Volodymyr - 2021

Models with constant-elasticity of substitution (CES) preferences are commonly employed in the international trade … new varieties results in: a higher own-price elasticity of demand (and lower prices) in large countries and a lower own …-price elasticity of demand (and higher prices) in rich countries. Model predictions about cross-country differences in the number and …

Persistent link: https://www.econbiz.de/10013231230

Vertical Equity Consequences of Very High Cigarette Tax Increases : If the Poor are the Ones Smoking, How Could Cigarette Tax Increases Be Progressive?

Colman, Greg; Remler, Dahlia K. - 2021

Cigarette smoking is concentrated among low income groups. Consequently, cigarette taxes are considered regressive. However, if poorer individuals are much more price sensitive than richer individuals, then tax increases would reduce smoking much more among the poor and their cigarette tax...

Persistent link: https://www.econbiz.de/10013232448

Macroeconomic Dynamics and Reallocation in an Epidemic : Evaluating the “Swedish Solution”

Kruger, Dirk; Uhlig, Harald; Xie, Taojun - 2021

In this paper, we argue that endogenous shifts in private consumption behavior across sectors of the economy can act as a potent mitigation mechanism during an epidemic or when the economy is re-opened after a temporary lockdown. We introduce a SIR epidemiological model into a neoclassical...

Persistent link: https://www.econbiz.de/10013232573

Are There Differential Effects of Price and Policy on College Students' Drinking Intensity?

Williams, Jenny; Chaloupka, Frank J.; Wechsler, Henry - 2021

This paper investigates whether college students' response to alcohol price and policies differ according to their drinking intensity. Individual level data on drinking behavior, price paid per drink, and college alcohol policies come from the student and administrator components of the 1997 and...

Persistent link: https://www.econbiz.de/10013233724