This paper measures the extent to which prices exceed marginal costs in the U.S. natural gas distributionmarket during the period 1991-2007. We find large departures from marginal cost pricing in all 50states, with residential and commercial customers facing average markups of over 40%. Based...

Die zentrale Funktion von Preisen is es, Signale an die Anbieter und Nachfrager auf den entsprechenden Märkten zu vermitteln. Die Sensitivität der Reaktion von Anbietern und Nachfragern auf Preisänderungen auf Boden- und Immobilienmärkten wird dabei anhand von sogenannten direkten...

We conduct a large-scale …eld experiment with 2,440 subjects in whichwe exogenously vary the price of contributing to the closest empiricalcounterpart of an in…nitely large public good, climate change mitigation.We …nd that the price e¤ect is robust and negative, but quantitativelyweak, with...

Russia is experiencing deep structural changes in many areas. For the seafood industryimportant developments are large increases in household incomes, development of modernsuper- and hypermarket distribution channels, and product innovations. In the seafoodcategory consumers are adopting new...

This paper examines the aggregate demand for inputs, including housework and otherservices, used by the US household sector to produce home goods that directly provide them utilityover the post-World War II period. By assuming that households produce a commodity called homegoods and that...