We document substantial rigidity in household electricity demand in response to large price shocks. We partnered with an electricity retailer to run a field experiment in which randomly-selected households received discounts of up to 50% on their total electricity bill or up to 95% off their per...

Nonlinear usage-based pricing is applied extensively to price software products. Different from other products, software customers often cannot vary their required usage volume, a property we label local demand inelasticity. For instance, a client firm that needs a salesforce automation software...

We consider the pricing problem faced by a revenue maximizing platform matching price-sensitive customers to flexible supply units within a geographic area. This can be interpreted as the problem faced in the short-term by a ride-hailing platform. We propose a two-dimensional framework in which...

We document the degree of price dispersion and the similarities as well as differences in pricing and promotion strategies across stores in the U.S. retail (grocery) industry. Our analysis is based on “big data” that allow us to draw general conclusions based on the prices for close to...

We document the degree of price dispersion and the similarities as well as differences in pricing and promotion strategies across stores in the U.S. retail (grocery) industry. Our analysis is based on “big data” that allow us to draw general conclusions based on the prices for close to...

Many US cities have voted on or are considering soda taxes due in part to the growing literature about soda's negative health effects. However less is known about supplier and consumer responses to such taxes, particularly when they are implemented at a local rather than national level....

We analyze several rounds of U.S. import restrictions against washing machines. Using retail price data, we estimate the price effect of these import restrictions by comparing the price changes of washers with those of other appliances. We find that in response to the 2018 tariffs on nearly all...

I provide new evidence on the house price elasticity of consumption by exploiting micro-level consumption data from the Nielsen consumer panel for 2004 through 2016. I estimate elasticity as a non-parametric function of household characteristics, locations and time using Generalized Random...

Drawing on some some early literature in economics we develop a framework that assists the consideration of Bitcoin as a novel economic good. We highlight an essential tension between scarcity and concentration as having an overarching impact on Bitcoin's value. In conjunction with the...