We estimate the effects of electricity shortages on Indian manufacturers, instrumenting with supply shifts from hydroelectric power availability. We estimate that India's average reported level of shortages reduces the average plant's revenues and producer surplus by five to ten percent, but...

This paper analyzes a unique dataset of art auctions on eBay. We study the behavior of buyers and sellers, demand and supply, by means of a novel structural estimation approach. Our empirical framework considers the process of arrival of new bidders as well as the distribution of bidder...

We estimate the effects of electricity shortages on Indian manufacturers, instrumenting with supply shifts from hydroelectric power availability. We estimate that India's average reported level of shortages reduces the average plant's revenues and producer surplus by five to ten percent, but...

This paper analyzes third-degree price discrimination of a monopoly airline in the presence of congestion externality when all markets are served. The model features the business-passenger and leisure-passenger markets where business passengers exhibit a higher time valuation, and a less...

This paper discusses the evolution of the congestion controls that govern all Internet traffic. In particular we chronicle and discuss the implications of the fact that the most significant "congestion signals" are increasingly coming from network operators, not the TCP stack. Providers now...

Current era is the era of motorization. Head to toe every aspect is engrossed with motorization. Motorization is perceived as synonymous to civilization and elite status. Motorized mobility is in its full boom numbers of private motorized registered vehicles is on splurge and is expected to...

A new controversial point of view on traffic congestion is presented. In this article we consider the trade-off between regular part of near optimal vehicle traffic and the effect of random instability triggering congestion. Authors present this work as Discussion Paper and hence are open for...

This paper reviews literature on the optimal design of pricing policies to reduce urban automobile congestion. The implications of a range of complicating factors are considered, such as traffic bottlenecks, constraints on which roads and freeway lanes in the road network can be priced, driver...