Instrumental variables (IV) estimation of a demand equation using time series data is shown to produce a weighted … average derivative of heterogeneous potential demand functions. This result adapts recent work on the causal interpretation of … market in New York City to estimate an average elasticity of wholesale demand for fresh fish. The weighting function …

This paper presents estimates of the customer-level demand for electricity by industrial and commercial customers … customers also face the possibility of a demand charge on their electricity consumption during the three half-hour periods that … fraction of the energy charge and the identity of the half-hour periods when demand charges occur are only known with certainty …

From its inception, demand estimation has faced the problem of "many prices." This paper provides estimators of average … demand and associated bounds on exact consumer surplus when there are many prices in cross-section or panel data. For cross … "zeros problem" of demand. For panel data we provide bias corrected, ridge regularized estimators of average coefficients and …

This paper uses fare changes in Mexico City, Guadalajara, and Monterrey to estimate the price elasticity of demand for …

elasticity of the demand for the output and the impact of demand and cost shifters. The use of this framework helps, in the first … way to assess the welfare effects of firms' innovative actions by estimating their impact on both cost and demand. We show …

other products by an unusually low elasticity of demand with respect to product failure. While consumers in other markets … potential cures accumulated over time. Because no one was ever cured and consumers possessed a highly inelastic demand with … respect to product failures, demand was unrelenting. In short, patent medicines flourished not despite their dubious medicinal …

demand, the size of the price change, and the degree of frictions. The degree of frictions is measured by the utility losses …

This paper estimates the price elasticity of demand for alcohol using Health and Retirement Survey data. To account for …