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Th e quantile autoregressive distributed lag model of Galvao et al. (2013) was employed to assess the impact of price realization on India’s tea export. Th e results of the QADL varied signifi...
Focusing on 8 drug types on the WHO-approved medicine list, we constructed an original dataset of 899 drug samples from 17 low- and median-income countries and tested them for visual appearance, d...
Correspondence: Department of Economics, University of Maryland, College Park, MD 20742; phone (301) 405-3484; email jin@econ.umd.edu. We benefit from comments of Austan Goolsbee, Raphael Thom...
Profit-maximizing bidding in uniform price auction markets involves bidding above marginal cost. It therefore is not surprising that such behavior is observed in electricity markets. This incent...
Externalities Associated with Nominal Price and Wage Rigidities.
Price Stabilization in the 1990s: A Summary.
This paper formulates and estimates a household-level demand for water under increasing block prices that accounts for the impact of monthly weather variation and customer-level heterogeneity in d...
This paper examines the empirical validity of a model of homogeneous input demand under price uncertainty in which firms trade off expected input cost against its variability (risk) in selecting t...
The goal of re-structuring electricity and natural gas industries is to introduce competition wherever it is technologically feasible to provide firms supplying these products with strong incentives ...
This report was commissioned by the Camara de Comercialização de Energia Elétrica (CCEE), the market operator for the Brazilian electricity supply industry, to study the options for shor...
An Essay on Price Discrimination.
Price and Advertising Signals of Product Quality.
Matching and Price Competition     Matching  Price Competition       2015/7/21
We develop a model in which firms set impersonal salary levels before matching with workers. Wages fall relative to any competitive equilibrium while profits rise almost as much, implyin...
The relationship between the number of Örms and price competition is a central issue in economics. To explore this relationship, we modify Varianís (1980) model and assume that Örms are priv...
Suppose an intermediary provides a benefit to buyers when they purchase from sellers using the intermediary's technology. We develop a model to show that the intermediary would want to restrict seller...

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