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Designing fair compensation mechanisms for demand response (DR) is challenging. This paper models the problem in a game theoretic setting and designs a payment distribution mechanism based on the Shap...
We review different empirical approaches that researchers have taken to estimate how consumption responds to income changes. We critically evaluate the empirical evidence on the sensitivity of cons...
We study the demand response to nonlinear price schedules using data on insurance contracts and prescription drug purchases in Medicare Part D. We exploit the kink in individuals’ budgets set create...
In electricity markets, traditional demand side management programs are slowly getting replaced with demand response (DR) programs. These programs have evolved since the early pilot programs launched ...
Economists are increasingly turning to the experimental method as a means to estimate causal effects. By using randomization to identify key treatment effects, theories previously viewed as untestable...
Background: In the absence of xenograft and biosynthetic skin substitutes, deceased donor skin allografts is a feasible option for saving life of patient with extensive burn injury in our country. Aim...
The article discusses the impact of bank mergers on small business lending and economic conditions in the U.S. According to the economists, the importance these organizations has increased due to rapi...
We examine how shocks to the supply of credit impact corporate financing and investment using the collapse of Drexel Burnham Lambert, Inc.; the passage of the Financial Institutions Reform, Recovery, ...
The need of reducing CO2 emissions in electricity generation field for solving global warming problems have led to increase the interest in Micro-Grid (MG) especially the one which included renewable ...
This paper examines the impact of macroeconomic andfinancial sector policy announcements in the United States, the United Kingdom, the euro area, and Japan on interbank credit and liquidity risk premi...
Deaton and Lubotsky (2003) found that the robust positive relationship across American cities between mortality and income inequality became small, insignificant, and/or non-robust once they con...
Engel’s What? A Response to Gan and Vernon     Engel  Gan  Vernon       2014/3/17
Gan and Vernon’s comment does not resolve the puzzle that we originally posed.Their description of the puzzle is unclear, so we start by restating it.The essence of the matter is this. Imagine two hou...

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