This paper estimates a model of residential electricity demand to project the impact of proposed tariff changes on a representative sample of 130 Barbadian households. The results from the demand function suggest that the price elasticities of demand for particular appliances varied significantly, with households that utilize solar water heating being more price elastic than households that use...

We explore how private drug plans set cost-sharing in the context of Medicare Part D. While publicly-provided drug coverage typically involves uniform cost-sharing across drugs, we document substantial heterogeneity in the cost-sharing for different drugs within privately-provided plans. We also document that private plans systematically set higher consumer cost sharing for drugs or classes ass...

The Internet has brought consumers increased access to information to make purchase decisions. As markets come closer to perfect information, one of the expected outcomes is an increase in competition. One of the consequences is an increase in the price elasticity of demand, or the percent change in demand due to a percent change in price, because consumers are better able to compare offerings ...

the regulated price policy may be implemented for some products. it is generally implemented for some products such as electricity, natural gas, water and so on that are supplied as monopolist. the regulated price shock on these products may lead to an adjustment in the endowments of primary factors. the aim of this paper is to investigate the effects of a regulated price shock on price indices...

In Part II of this paper, we demonstrate on a modified 24-bus IEEE Reliability Test System (RTS) that it is indeed possible to manage large-scale intermittent resources in coordination with price-responsive demand. The algorithms introduced in Part I of this paper are simulated assuming 20% and 50% wind capacity. We show that the look-ahead dispatch of the proposed method is physically implemen...

The main goal of this study was to investigate the way of affecting of water in production of cucumber. From aspect of econometrics, mutual relationships of production function and expenses have been analyzed in which Translog cost function has been used. This function has been estimated using the conditional input demand functions, the shefard theorem, chemical fertilizer, animal fertilizer, l...

Land use impacts of biofuel expansion have attracted considerable attention because of the implications for climate change, the environment, and food supply. To examine these impacts, we set up an economic framework that links input use and land allocation decisions with ethanol and agricultural commodity markets. Crops can be substitutes or complements in supply depending on the relative magni...