How Large Are Non-Budget-Constraint Effects of Prices on Demand?

How Large Are Teacher Effects?

It is widelv accepted that teachers differ in their effectiveness, yet the empirical evidence regarding teacher effectiveness is weak. The existing evidence is mainly drawn from econometric studies that use covariates to attempt to controlfbr selec tion effects that might bias results. We use data from a four-year experiment in which teachers and students were randomly assigned to classes to es...

Liquidity Demand of Corporate Sector and Soft budget Constraint

This paper examines the relation between liquidity demands of corporate sector and investment decisions. It shows that the liquidity asset holding has two impacts on investments. First, the liquidity can absorb a liquidity shock and helps to continue a necessary project. Second, it helps to continue an undesirable project and decreases the incentive of firms. This negative aspect is quite simil...

Food Taxes: How Likely Are Likely Effects?

Effects of Movements in Equities Prices on M2 Demand

Price and Non-Price Influences on Water Conservation: An Econometric Model of Aggregate Demand under Nonlinear Budget Constraint

In this paper, a basic theoretical model of residential water consumption that adequately represents consumer behavior when facing a nonlinear budget constraint is developed. The theoretical model for an individual consumer is adapted to yield an aggregate model that essentially preserves the structure of the demand function for the individual. The model is used to study the influence of prices...