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Consumer myopia in vehicle purchases : evidence from a natural experiment
Gillingham, Kenneth; Houde, Sébastien; Benthem, Arthur … - 2019
A central question in the analysis of fuel-economy policy is whether consumers are myopic with regards to future fuel costs. We provide the first evidence on consumer valuation of fuel economy from a natural experiment. We examine the short-run equilibrium effects of an exogenous restatement of...
Persistent link: https://www.econbiz.de/10012024383
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Skills substitutability and technological progress : U.S. states 1950-1990
Ciccone, Antonio; Peri, Giovanni - 2003
In this article we estimate the long-run aggregate elasticity of substitution between skilled and unskilled workers. This is an important parameter as it allows us to compute the skill biased technological progress (SBTP) from the evolution of relative wages. However, it is hard to estimate...
Persistent link: https://www.econbiz.de/10011509429
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Explaining the decline in the US labor share : taxation and automation
Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2022
This study provides evidence for the US that the secular decline in the labor share is not only explained by technical change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth. First, we empirically find indications of...
Persistent link: https://www.econbiz.de/10013206154
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Scarcity and consumption priorities
Dahan, Momi; Sayag, Doron - 2023
This paper focuses on whether households facing economic scarcity tend to change consumption priorities as measured by … feast-related goods, indicating a "feast and famine" consumption strategy. Nevertheless, spending on food with label claims …
Persistent link: https://www.econbiz.de/10014232875
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Mapping educational disparities in life-cycle consumption
Hougaard Jensen, Svend Erik; Olafsson, Sigurdur P.; … - 2022
changes in disposable income around the country's financial crisis in 2008, to plot the life-cycle path of consumption and … income for different education groups and to estimate the level of consumption smoothing. We split households into three … educated engage in more consumption smoothing than those without a university degree. We also construct a measure for marginal …
Persistent link: https://www.econbiz.de/10013287969
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Understanding the estimation of oil demand and oil supply elasticities
Kilian, Lutz - 2020
This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand elasticities and of incorporating this information into structural VAR models. I not only summarize the state of the literature, but also draw attention to a number of econometric...
Persistent link: https://www.econbiz.de/10012288032
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Demand estimation using managerial responses to automated price recommendations
García, Daniel; Tolvanen, Juha; Wagner, Alexander K. - 2021
We provide a new framework to identify demand elasticities in markets where managers rely on algorithmic recommendations for price setting, and apply it to a dataset containing bookings for a sample of mid-sized hotels in Europe. Using non-binding algorithmic price recommendations and observed...
Persistent link: https://www.econbiz.de/10012534709
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Who pays for the tariffs and why? : a tale of two countries
Feng, Chaonan; Han, Liyan; Li, Lei - 2023
During the U.S.-China trade war, the U.S. punitive tariffs were almost entirely borne by U.S. importers. In contrast, only 68% of China's retaliatory tariffs were paid by Chinese importers. The puzzling difference between the U.S. and China is mainly driven by their different import structures...
Persistent link: https://www.econbiz.de/10014293293
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Would my driving pattern change if my neighbor were to buy an emission-free car?
Kverndokk, Snorre; Figenbaum, Erik; Hovi, Jon - 2019
Aiming to reduce the number of brown (polluting) cars on the road, several countries currently promote the purchase and use of green (emission-free) cars through financial and non-financial incentives. We study how such incentives affect consumers who continue to drive brown cars. Using a simple...
Persistent link: https://www.econbiz.de/10012026368
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Road pricing with green vehicle exemptions : theory and evidence
Nilsson, J. Peter; Tarduno, Matthew; Tebbe, Sebastian - 2024
We provide a framework for setting congestion charges that reflect emission and congestion externalities and policy responses, such as vehicle ownership, driving, and residential sorting. Using Swedish administrative microdata, we identify these responses by exploiting a temporary exemption for...
Persistent link: https://www.econbiz.de/10014507786