We write this essay for both lay readers and scientists, though mainstream economists are welcome to enjoy it too. Our subject is the basic toolbox of mainstream economics. The most important tools in this box are demand, supply and equilibrium. All mainstream economists – as well as many...

This paper reviews accounting education literature with a focus on the supply of and demand for accounting professional's competencies. Its main objective is to determine which actors are involved in the relationship, ascertain both sides' perspectives, and evidence competency supply and demand...

The study estimates the housing supply elasticity and the impact of geographic constraints in Germany from 2008-2019 using the Bartik instrument. The results show that the housing supply is, on average, inelastic, with a floorspace elasticity of 0.22 and a units elasticity of 0.25. The study...

This paper introduces a new way to calculate and represent graphically a large number of elasticities of demand and supply behaviors from a multidimensional perspective. The main objective of this paper is to represent a large number of elasticities of demand and supply that are interacting...

I estimate the impact of new housing supply on the local rent distribution, exploiting delays in housing completions caused by weather shocks during the construction phase. Increasing the flow of new supply by 1 percent lowers average rents by 0.2 percent, and increases disproportionately the...

Die Gewerbeimmobilienmärkte stehen angesichts der konjunkturellen Lage, aber auch angesichts struktureller Umbrüche vor großen Herausforderungen. Vor diesem Hintergrund wird in dem vorliegenden Report die Mietpreisentwicklung bei Einzelhandels- und Büroobjekten untersucht. Betrachtet wird...

The existing literature on price changes in the housing market between 2002 and 2010 has largely focused on temporary sources of demand—loosening and then tightening of credit markets or trend-following speculative activity. Using a new variable that quantifies the effect of inelastic supply...

This appendix to the paper Elliott, Golub, and Leduc (2022): “Supply Network Formation and Fragility” gives proofs omitted in the main text, as well as some auxiliary analyses and calculations.Available at https://ssrn.com/abstract=3525459

This paper shows that the economy can be described by two factors: an inflationary demand factor and a deflationary supply factor. More specifically, our approach combines the use of several filtering techniques to extract business cycle fluctuations and dynamic principal components analysis...

This paper reviews accounting education literature with a focus on the supply of and demand for accounting professional's competencies. Its main objective is to determine which actors are involved in the relationship, ascertain both sides' perspectives, and evidence competency supply and demand...

Kürzlich veröffentlichte BIP-Zahlen bestätigen, dass die deutsche Wirtschaft dem Ende der russischen Gasimporte standgehalten hat und im vergangenen Winter sogar eine Rezession vermieden wurde. Dieses Ergebnis sollte die im letzten Jahr durch das "Was wäre, wenn"-Papier (Bachmann et al.,...

The COVID-19 pandemic has undeniably caused both supply and demand shocks. Nevertheless, it is uncertain to what extent each factor contributed more to the evolution of prices and economic activity at different points since the onset of the pandemic. Whether inflationary pressures are mainly due...

This paper examines whether land use deregulation increases housing supply when there are additional institutional frictions, such as slow updation of ownership records and unclear titles. India's urban land ceiling (ULC) laws, which put ceiling limits on privately owned vacant land in the...

The future of the European hydrogen supply industry lies at the heart of the European Union’s energy policy, demanding the reconciliation of conflicting interests in liberalization, sustainability, and security of supply. This paper analyses the unique challenges faced by the emerging hydrogen...

Behavioral economics is, nowadays, a well-established approach to investigate agents’ actions under economic incentives. In the last decade, a fast-growing number of studies have focused on the application of behavioral to health policy issues. The results of that stream of literature have...

We examine the relationship between oil imports and the domestic transport price index (TPI) using monthly data (July 2003 - Dec 2020) from Bangladesh. Utilizing Auto-Regressive Moving Average (ARMA) and Generalized Auto-Regressive Conditional Heteroskedasticity (GARCH) models, we find that...

Homebuyers in Canadian cities face a multitude of taxes and charges that increase the cost of buying a home. Government policies whose affect is to limit the supply of the kinds of homes people want and can afford are among the key causes of higher property prices. Restrictions on housing supply...

Housing decisions depend critically on the supply of long-term rental housing, yet surprisingly few studies examine the determinants of this supply. Based on term structure theories of asset prices and extrapolative beliefs, we hypothesize that housing market conditions shape the term structure...

In line with the Dutch Climate Agreement, multiple energy transition scenarios have been constructed for 2030 and 2050. To various extents, they project a shift towards decentralized and intermittent renewable electricity generation (wind and solar) and widespread deployment of electric vehicles...

Markup fluctuations are often the combined outcome of sources of variability with conflicting effects. We exploit a natural experiment framework based on episodes of unanticipated cuts in city council spending and of firm exits from the market to investigate the markup response to contractions...

A growing body of literature has shown that innumerable discretionary choices of home buyers and sellers spread the effects of housing supply conditions throughout a metropolitan area. New units draw residents with higher incomes from the existing stock of housing, which leaves existing homes...

As common practice, oil studies in the economic literature are carried out by taking the correct specification of a model as given, and ignoring the problem of estimating overly optimistic confidence sets. This means that model uncertainty is pervasive in the empirical results. In this work I...

Die Verfügbarkeit von Breitbandinternet für Handwerksbetriebe im ländlichen Raum als Grundlage für die Digitalisierung der Betriebe wird in der politischen Diskussion betont. Wissenschaftlich ist jedoch bislang offen, wie relevant die Breitbandverfügbarkeit für die Digitalisierungsdynamik...

We identify latent demand and supply in the market for index options using a VAR with sign restrictions. The time series of latent demand conveys important economic insights that are not evident from the analysis of equilibrium quantities. Using observable proxies for risk, we find that demand...

From a negligible market niche in the entertainment industry, video game publishing has become extremely profitable. The emergence of the video game digital distribution platforms has established a permanent connection between the player and the publisher, making it possible to expand the offer....

Die Digitalisierung hat Medienmärkte grundlegend verändert: Statt begrenzten Funkfrequenzen und festen Programm, werden Medieninhalte über unterschiedlichste Kanäle verteilt, erstellt, geteilt und diskutiert. Digitale Plattformen haben den Konsum grundlegend verändert und ermöglichen es...

housing production costs absent regulation. Identification uses conditions on the support of supply and demand shocks without recourse to instrumental variables. In an application to Israeli residential construction, we find on average 43\% of housing price ascribable to regulation, but with...

Since its introduction, the European Emissions Trading Scheme (EU ETS) has been struggling with an oversupply of emission allowances and a highly volatile allowance price. One reason for the price decline is technological progress and ist demand-reducing effect, which is only partially taken...

We investigate the impact of exogenous local conditions which favour high market concentration on supply, price and quality in local markets for care homes for older people in England. We extend the existing literature in: (i) considering supply capacity as a market outcome alongside price and...

In the debate about the impact of the Energy Transition on the current global energy system it is becoming increasingly clear that there are multiple pathways, technologies and outcomes that can help the world to decarbonize. The two scenarios prepared by the OIES are designed to limit the...