Energy economists have long argued the benefits of real time pricing (RTP) of electricity. Their basis for modeling customers response to short-term fluctuations in electricity prices are based on theories of rational firm behavior, where management strives to minimize operating costs and...

The authors evaluated principles of macroeconomics textbooks for readability using Coh-Metrix, a computational linguistics tool. Additionally, they conducted an experiment on Amazon's Mechanical Turk Web site in which participants ranked the readability of text samples. There was a wide range of...

Heating and cooling degree days are in common use in conditional demand models, billing analysis, and large-scale energy forecasts. The implications of either choosing an ex-ante base temperature, or scanning over the base temperatures, as suggested in Fels (1986) and recommended by some...

In this paper I will argue that the institutional implementations that we commonly include in our monetary aggregates are actually more similar to the concept of ``monetary base''. I will also argue that the institutional implementation of accounts payable operates as money. This slightly...

Learning is modeled as an infection, which jumps from person to person. The rate of infection mimics individual discount rates and induces savings behavior on its own. It is shown that the apparent discount rate, the combination of the agents' true discount rate and the infection rate, decreases...

Econometric practitioners must always make the case that existing data may be used to forecast future responses to price changes. In residential electricity markets this means providing assurances that either territories with different prices are similar enough to be used as a guide, or that...

Affirmative responses to questions about conservation behavior in a multi-year phone survey are conceived of as a compound event, performing the behavior and then recalling it during a survey. By decomposing these two events an unbiased estimate of true, rather than reported, conservation...