This paper uses data on 5-year gasoline price expectations from the US Michigan Survey of Consumers to investigate … their role as a transmission channel for gasoline price shocks. Specifically, a Structural VAR model is estimated to carry … out counterfactual analysis which shows that gasoline price expectations act as a transmitter of gasoline price shocks to …

This paper is concerned with carbon price volatility and the underlying causes of large price movements in the European …. The jump-GARCH model explains the unsteady carbon price movement well and, moreover, shows that between 40 and 60 percent … of the carbon price variance are triggered by jumps. Information regarding EUA supply and news from international carbon …

seller’s private signal. A public reserve price is announced before the auction starts, and a secret reserve price is … disclosed after the highest bid has been reached. The public reserve price regime may warrant a distortion as a good seller type … may have to increase the reserve price beyond payo˙-maximization in order to be able to credibly signal her type. We …

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 …

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 …

, carbon prices are higher, but when the tipping point occurs, the price jumps downward. With only a temperature cap the carbon … price rises at the risk-adjusted interest rate. Adding damages leads to a higher carbon price that grows more slowly. But as … temperature and cumulative emissions get closer to their caps, the carbon price is ramped up ever more. Policy makers should …

In a partial equilibrium setting without price uncertainty, the balanced-budget substitution of an ad valorem tax on … competitive market characterised by uncertainty about the commodity price, if firms can respond to the revelation of demand …