Showing 1 - 10 of 2,117
“Prices versus quantities” (Weitzman 1974), a hugely influential paper, is widely cited (and taught) in current debates about the best policy to reduce greenhouse gas emissions. The paper’s criterion for ranking policies suggests that technological uncertainty favors taxes over cap and...
Persistent link: https://www.econbiz.de/10012892252
of price sensitive consumers, the higher the pass-through rate. Second, there is a hump-shaped relationship between the … changes to diesel and gasoline prices using a unique dataset containing the universe of price changes at fuel stations in …
Persistent link: https://www.econbiz.de/10013223660
explains large price heterogeneities across buyers, drug classes, and time periods. Additionally, of the drug price variation … transaction volume, buyer's loyalty, and multiple drug purchases strengthens buyer's bargaining power and results in a drug price …
Persistent link: https://www.econbiz.de/10012845687
We analyse the drivers of European Power Exchange (EPEX) wholesale electricity prices between 2012 and early 2022 using machine learning. The agnostic random forest approach that we use is able to reduce in-sample root mean square errors (RMSEs) by around 50% when compared to a standard linear...
Persistent link: https://www.econbiz.de/10014081588
price regulations. Consumers demand stricter fuel price regulations to provide transparency about the current price level … and to protect them from sudden price fluctuations. Such regulations are already in place in several countries, but … whether they indeed help lower the overall fuel price level is unclear. In this paper, we study the effect of Austria’s Fuel …
Persistent link: https://www.econbiz.de/10013250741
shrouded or indicated separately, but they also drop out more often when the overall price becomes known at the check-out. In … sum, the demand distribution is independent of the price presentation. This result qualifies previous findings on the …
Persistent link: https://www.econbiz.de/10012892110
This paper analyses the relationship between CPI and real GDP in both the US and the UK using fractional integration and long-range dependence techniques. All series appear to be highly trended and to exhibit high degrees of integration and persistence, especially in the case of CPI. Since the...
Persistent link: https://www.econbiz.de/10013235154
In recent years, a significant problem with the carbon credit market has been the higher than initially predicted price … fluctuations in prices. In this paper, we examine the dynamic auction design and propose a method to curb price volatility through … a flexible supply cap. The equilibrium analysis shows that modifying the cap on per period supply can decrease price …
Persistent link: https://www.econbiz.de/10013214329
characteristics. We first show how preferences that account for price and unit cost constrain the firm’s pricing power and profit …
Persistent link: https://www.econbiz.de/10013215662
publicly report their charge prices. Our study evaluates the heterogeneous effects of this price transparency policy. We use a … synthetic control method that allows for heterogeneous treatment effects. We find that the price transparency policy not only …) hospitals’ past charge prices prior to adopting the price transparency law, that is, high-price hospitals reduce charge and …
Persistent link: https://www.econbiz.de/10013323968