We develop a new model of the U.S., the U.S. Regional Energy Policy (USREP) model that is resolved for large states and regions of the U.S. and by income class and apply the model to investigate a $15 per ton CO2 equivalent price on greenhouse gas emissions. Previous estimates of distributional impacts of carbon pricing have been done outside of the model simulation and have been based on energ...

Microeconomic theory shows that only under certain conditions higher background risk increases the propensity to insure against independent marketable risks. We provide empirical evidence for the case of labor income risk and car insurance in the UK. The main result is that households with higher labor income risk spend more on insurance. This finding is consistent with microeconomic theory if ...

In the United Stated, pickup trucks, sport utility vehicles (SUVs), and minivans are classified as light-duty trucks (LDTs), resulting in a variety of regulatory protections. Production and purchase trends suggest that Americans have shifted toward significantly higher use of such vehicles for personal travel. Using the 1995 NPTS data set, this research explores the subtle differences in owners...

This paper analyzes the effect of inter-jurisdictional spillovers and congestion of local public services on the segregative properties of endogenous formation of jurisdictions. Households choosing to live at the same place form a jurisdiction, the aim of which is to produce congested local public services, resulting in generate positive spillovers to other jurisdictions. In every jurisdiction,...

New data streams of household energy consumption offer opportunities for utilities to understand their customer base and differentiate between customers. From residential HVAC cycling data and weather data, we derive metrics that can be used to indicate out of a population which households are most likely to have extraordinarily high or low thermostat setpoints, which households are most likely...

I study the consumption responses of heterogeneous households following changes in both house prices and interest rates. I show the common assumption that household period utility is separable in housing and consumption can be consistent with the observed co-movement between these two series only in the absence of housing transaction costs. When these costs are introduced into dynamic stochasti...

Managers of multiple-use forest areas in the tropics are often encouraged to assist resident and neighboring populations to market the non-timber benefits of those areas, thus giving them an incentive to conserve the forest. Markets for non-timber forest products (resins, nuts, etc.) are often very thin, however, with fluctuating prices and few households participating. In this situation, one m...

abstract barberry is one of the most important products of south khorasan province. the objective of this study is analyzing the qualitative factors affecting the price of barberry in this province. survey data from 100 questionnaires using simple random sampling of households in the city of birjand, 1389 has been completed, was extracted. results of the estimating hedonic price model show that...

We study the implications of an increase in price necessities, which disproportionally hurts poor, for optimal income taxation. When government is utilitarian and disutility from labor supply linear, nominal taxes transfers are unchanged as households more to secure their consumption expenditures. Quantitative analyses with convex reveal that, because positive effects, keeping average tax rates...

Low-income households spend a substantial share of their income on utility services such as electricity, heating and water. The difficulty these socially vulnerable consumers have in affording further tariff increases is often used as an argument against tariff reform. However, detailed information on the utility expenditures of different consumer groups and the affordability implications of ta...