This study examines whether family ownership, a prevalent ownership type, is associated with cost elasticity, and the mechanism through which this effect occurs. The contribution is threefold. First, we find higher cost elasticity in family firms than in non-family firms. Second, results from...

Price elasticity estimates of residential electricity demand vary widely across the economic literature. In this paper, we seek to explain these findings using three nationwide datasets – the American Housing Survey, Forms EIA-861, and the Residential Energy Consumption Survey – from the...

Studies of voluntary conservation response to changing information about an environmental problem have traditionally been synonymous with studies of information campaign effectiveness. As such, they have not been able to capture the response to actual changes in the environment. This paper takes...

This paper specifies and estimates a dynamic model of consumer preferences for new durable goods with persistent heterogeneous consumer tastes, rational expectations about future products and repeat purchases over time. Most new consumer durable goods, particularly consumer electronics, are...

I estimate world demand for crude petroleum, the effect of petroleum prices on world income, and non OPEC supply of crude petroleum using seasonally adjusted data and a number of instruments. Structural breaks help explain stationarity in demand, and cointegration of variables suggests...

Information asymmetry has been a critical issue in management accounting. Non-co-linearity of interests among market participants brings forth this problem. As a decision making tool, firms should leverage out the benefits of management accounting system to encounter this problem, as it has a...

The paper employs a multistage Quadratic Almost Ideal Demand System (QAIDS) with heterogeneous preferences to calculate unconditional elasticities for a complete demand system, and to derive energy and nutrients' elasticities for a number of Italian households. A set of comparative static...

Price is a key determinant for access to and consumption of alcoholic beverages. Alcohol prices are determined by a range of factors and the most prominent factors are levels of taxation (excise duties and value added tax). Taxation is a key lever and blunt tool for governments to influence...