his paper investigates how immigration affects consumer prices. Using scanner data and instrumenting county-level immigration with historical ancestry patterns, we find that an inflow of 10,000 immigrants lowers four-year price growth by 0.58 percentage points. Leveraging variation in firm...

We consider five models of international trade that belong to the class of models in which the trade elasticity and domestic trade share are sufficient statistics for the welfare cost of autarky. Three are fixed-variety models featuring increasing micro-level margins of adjustment: versions of...

We analyze the relationship between collusion sustainability in an infinitely repeated game using trigger strategies and the elasticity of substitution. To this end, we adopt a demand function with constant elasticity of substitution between the differentiated goods. Since our model exhibits a...

We estimate household electricity demand responses to hourly prices under real-time pricing using Finnish smart-meter data, contrasting results under the European energy crisis with those from previously relatively stable market conditions. Methodologically, we show that the standard wind-based...

Given the importance of the transport sector for greenhouse gas emissions, both behavioral change will be needed to mitigate climate change in addition to technological innovation. We focus on the case of remote working as a less carbon-intensive substitute to commuting and analyze whether...

Around three quarters of Bitcoin transactions take place off-chain. Despite their significance, the vast majority of the empirical literature on cryptocurrencies focuses on on-chain transactions. This paper presents one of the first analysis of both on- and off-chain demand- and supply-side...

This research paper presents new gasoline demand price elasticity estimates for California. The study leverages the unique characteristics of California's gasoline market and introduces a new set of proposed instruments. As a first step, the study takes advantage of California's partially...

This paper analyzes the effect of commodity price fluctuations on a commodity-exporting economy. Using Chilean and international copper market data, I find that positive copper price changes resulting from copper-specific demand shocks generate a broad GDP expansion, with no visible decline in...

The conventional wisdom is that a big jurisdiction sets a higher tax rate than a small jurisdiction. We show this result arises due to simplifying assumptions that imply tax-base sensitivities are equal across jurisdictions. When more than two jurisdictions compete in commodity taxes, tax-base...

The conventional wisdom is that a big jurisdiction sets a higher tax rate than a small jurisdiction. We show this result arises due to simplifying assumptions that imply tax-base sensitivities are equal across jurisdictions. When more than two jurisdictions compete in commodity taxes, tax-base...

Traditional applied general-equilibrium (AGE) models have always faced trade-offs between analytical and computational tractability and counter-empirical restrictions. One is the assumption of homothetic preferences implying unitary income elasticities of demand, significantly inconsistent with...

We create a large meta-dataset of price elasticities of energy demand for heating and cooling in buildings, comprising close to 5000 price elasticity estimates including study and observation characteristics from more than 400 primary studies. We find robust and strong signs of p-hacking and...

This study offers a comprehensive disaggregated analysis of energy demand in Cameroon, employing Auto-Regressive Distributed Lag (ARDL) and Partial Adjustment Model (PAM) methodologies to explore both short- and long-term determinants. By examining a range of energy sources-including...

This meta-analysis synthesizes 4,521 elasticity estimates drawn from 413 studies to examine the presence of publication and endogeneity bias in the literature. We coded over 100 study-level variables to assess how electricity consumers respond to price changes. Our results show that electricity...

Natural gas is a crucial element of energy supply in Great Britain (GB). The vast majority of GB gas consumption occurs in three main sectors: industry, Local Distribution Zone (residential, commercial, and services), and power generation. While there are strong seasonal patterns of demand...

The long-expected wave of LNG supply is now almost upon us, and is expected to outstrip the rise in demand for LNG. Spot prices, in European and Asian markets, may respond to the overhang of supply by moving to more short-run pricing – as was seen in 2019 and 2020 – and, as a result, prices...

Real-time and time-of-use electricity pricing is based on the premise that consumers reduce demand when prices are high. In this paper, we test this assumption empirically using a large, high-frequency smart meter dataset from Denmark, estimating the short-run (hourly) price elasticity of...

This paper explores the distributive impact of a hypothetical carbon tax on households’ transport and energy consumption in Belgium. It focuses on the welfare effects across population groups and along the income distribution, as well as on the expected budgetary and environmental effects,...

We analyze the determinants of industrial energy demand in five new European Union member states (Czechia, Lithuania, Poland, Romania, and Slovenia) with a focus on the effects of energy prices, sectoral output, energy-saving investment, and technological progress. Using a panel dataset covering...

Motivated by the goal of increasing the use of renewable energies as a vital part of the energy transition, altering energy consumption in off-grid areas, and involving consumers in the decision-making process of the electricity market, demand response programs are considered essential measures...