Successful supply-side interdictions into illegal drug markets are predicated on the responsiveness of drug prices to enforcement and the price elasticity of demand for addictive drugs. We present causal estimates that targeted interventions aimed at methamphetamine input markets ('precursor control') can temporarily increase retail street prices, but methamphetamine consumption is weakly respo...

We estimate the slope of the demand curve for newly auctioned FHLB discount notes and investigate the impacts of arbitrage risk and heterogeneity of investor beliefs on demand elasticity. Our unique dataset of roughly 2,900 observations of two price-quantity pairs—the first from a pre-auction dealer survey, the second from actual auction results—provides the quantity shift necessary to identify...

Abstract Nowadays, fishery and aquaculture products form an important fraction of the protein requirement and food of many people on the earth. The hike in prices of these essential products seems necessary owing to the increase in demand and consumption of these products in the country. The price transmission from the international market to the domestic market of tunas was  investigated in t...

This paper provides fi eld evidence on (a) how price framing aff ects consumers’ decision to switch health insurance plans and (b) how the price elasticity of demand for health insurance can be infl uenced by policymakers through simple regulatory eff orts. In 2009, in order to foster competition among health insurance companies, German federal regulation required health insurance companies to ...

The recent push for a federal energy policy that could substantially change electricity prices in the U.S. highlights the need to obtain accurate residential electricity demand estimates. Many electricity demand estimates have been obtained based on the assumption that consumers optimize with respect to known marginal prices, but increasing empirical evidence suggests that consumers are more li...

چکیده در این مطالعه، تقاضای گروه های اصلی خوراکی در مناطق شهری ایران برای دوره زمانی1361 تا 1386 بررسی شده است. بدین منظور از سیستم تقاضای تقریباً ایده آل خطی (la/aids)، شاخص تقریب خطی لاسپیرس و روش رگرسیون های به ظاهر نامرتبط (sur) استفاده شد. نتایج به دست آمده نشان داد که متغیر متوسط جمعیت خانوار در بیشتر معادلات تأثیر معناداری بر تقاضای خانوار داشته است. قیود همگنی و تقارن نیز مورد آزمون قرار...

Iran has experienced high food prices in recent years. This paper examines the welfare impacts of rising major food groups' prices on Iranian urban households using Quadratic Almost Ideal Demand System (QUAIDS) approach. The elasticity coefficients derived from QUAIDS are used to estimate Compensated Variations (CV).The study uses Iranian Household Expenditure and Income Survey (HEIS) raw data,...

Reduced travel time, regional cohesion, economic development and environmental benefits were some of the reasons given to develop the High Speed network in Spain, the largest in Europe. Ever since the opening of the first High Speed line in 1992, High Speed Rail (HSR) have become a new travelling experience despite the fact that in the recent years several voices have raised concerns over a lac...