The type of industry we want to analyze in this paper is comprised of multiple manufacturers, each selling differentiated products through multiple exclusive retailers. The retailers are faced with fixed market prices but uncertain demands. Industries falling in this category include telecommunication industry, fast food chains, gasoline, etc. The manufacturers competition, the retailers compet...

This paper develops methods for hypothesis testing in a nonparametric instrumental variables (IV) setting within a partial identification framework. I construct and derive the asymptotic distribution of a test statistic for the hypothesis that at least one element of the identified set satisfies a conjectured restriction. This procedure can be used to test for features of the model that may be ...

The price elasticity of gasoline demand is a key parameter in evaluation various policies. However, most the literature uses aggregate data to identify this elasticity. Temporal and spatial aggregation make such estimates biased. We employ unique dataset all transactions Iran during 4-month period around an unexpected exogenous change that also significant withholding behavior by consumers resp...

This study decomposed shocks of the global crude oil (GCO) market and Korean gasoline (KG) into six types using structural vector auto-regressive model. Breaking down six, we analyzed how each shock affects macroeconomy in Korea. Results analysis revealed that supply did not cause a large fluctuation prices, but it harmed macroeconomy. By contrast, two on demand side GCO caused increase domesti...

a r t i c l e i n f o Consumption of ethanol in the United States has increased rapidly over the last few years, fueled by both higher crude oil prices and generous public support measures for renewable fuels. The contribution of etha-nol to the transport energy mix varies markedly by state. Heterogeneity in ethanol adoption and market development is investigated using a hierarchical, spatiotem...