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The influential economic theory of intergenerational transfers predicts a negative connection between credit constraints … higher than for unconstrained families, contrary to what the theory implies. This means children from constrained families …
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Empirical evidence on households' awareness of electricity prices and potentially divergent demand responses to price changes conditional on price knowledge is scant. Using panel data originating from Germany’s Residential Energy Consumption Survey (GRECS), we fill this void by employing an...
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. This approach complements existing methods by relaxing a number of strong requirements on the part of the theory, otherwise … regression theory, the proposed method is somewhat data intensive. We use our proposed method to estimate the marginal propensity …
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