The initial promise of microcredit, including such accolades as the 2006 Nobel Peace Prize, has given way to intense debate about if and when it is an effective development tool. Interest rates are central to this debate. Policymakers and donors promoting financial development have variously encouraged microfinance institutions (MFIs) to cut rates to expand access (under the assumption of elast...

1 This paper describes a two-stage equilibrium travel demand model. The unique feature of this model is 2 that it takes time-of-day traffic counts instead of land use and demographic data as inputs to derive spatial 3 and temporal travel demand patterns. The first stage of the model is a traffic count-based trip matrix 4 estimator; the second stage is an elastic-demand network flow estimator, w...

This paper analyzes price elasticities in the Austrian market for mobile telecommunications services using data on firm specific tariffs. Both static and a dynamic panel data approaches lead to consistent results which provide evidence for a relatively elastic demand. Furthermore, some basic facts on the Austrian mobile telephone sector are presented. JEL-Classification: C23, L13, L96.

This paper analyses the dynamics of a nonlinear Cournot duopoly with general isoelastic demand (quasi-linear preferences) and quantity-setting firms that have incomplete information about the market demand. Unlike existing papers, we propose a model where the price elasticity of demand is different from one. This causes interesting local and global dynamic events that cannot be observed in the ...

Abstract The own-wage elasticity of labor demand measures the effect higher wages on firms’ for and, thus, determines impact supply shocks, minimum wages, and collective wage agreements market. I carry out a comprehensive meta-analysis to shed light nature this parameter, leveraging 705 estimates from 105 studies German average is −0.43, but entails important heterogeneity: Labor turns particul...