conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant …This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand …

transactions, again consistently with the theory. We provide an estimate of the elasticity of the VAT tax base in the range of 0 …) develops a formula for estimating the elasticity of value-added with respect to the statutory tax. We show that the marginal … excess burden of the tax on suppliers is measured by this elasticity, extending Feldstein.s analysis of the elasticity of …

With fixed costs of price and quantity adjustment, output effects of inflation depend on the elasticity of the firm …'s marginal real revenue. If the elasticity always exceeds minus unity, then output decreases with inflation, while if the … elasticity is always less than minus unity, then output increases with inflation. In the special case that the elasticity always …

education should be effectively subsidized if, and only if, the elasticity of the earnings function is increasing in education …. The strength of second-best subsidization increases in the elasticity of the elasticity of the earnings function. This … second-order elasticity rule extends the well-known Ramsey-Boiteux Inverse Elasticity Rule. -- endogenous choice of education …