Natural gas contributes a growing share of the world's energy mix. In this paper we use national-level data for a sample of 44 countries to estimate the price and income elasticities of natural gas demand. We present both single-equation results and results instrumenting natural gas prices with...

Labor demand elasticity is a measure of the sensitivity of labor demand to a change in factor prices. Hicks-Marshall laws of derived demand affect the magnitude of the elasticity of labor demand. The relationship between union strategy and labor demand elasticity was also examined as part of...

This report reviews the current status of European Member States' regulation supporting Demand Response and Aggregation in the wholesale, balancing and ancillary electricity markets, as stipulated in Article 15 of the Energy Efficiency Directive. Demand Response is able to increase the system's...

This report reviews the current status of European Member States' regulation supporting Demand Response and Aggregation in the wholesale, balancing and ancillary electricity markets, as stipulated in Article 15 of the Energy Efficiency Directive. Demand Response is able to increase the system's...

This report reviews the current status of European Member States' regulation supporting Demand Response and Aggregation in the wholesale, balancing and ancillary electricity markets, as stipulated in Article 15 of the Energy Efficiency Directive. Demand Response is able to increase the system's...

Real exports are commonly specified as depending on an indicator of price competitiveness and on a measure of foreign activity. This study empirically investigates the suitability of alternative competitiveness indicators in explaining real exports for a broad group of advanced economies. To...

We explore effects of simultaneous price changes for the demand of a group of goods, which we refer to as a compound commodity. Specifically, we consider unit and proportional cost components (e. g., taxes, transportation costs, etc.) imposed on the compound commodity. We find that there is a...