Students for Liberty Talk: Economics and Complexity

Lynne Kiesling UPDATE: I’ve had a report that the link to the slides is not working, but I can’t get it not to work … so if you are having trouble please let me know in the comments and I’ll go bug-stomping. UPDATED UPDATE: mischief managed, I think! On Saturday I was honored to be … More Students for Liberty Talk: Economics and Complexity

Demand for Gasoline is More Price-inelastic Than Commonly Thought

Michael Giberson A working paper from the UC-Berkeley Department of Agricultural and Resource Economics says that the demand for gasoline is more price-inelastic than typically thought. Here is the abstract, which points to publication selection bias as the culprit: One of the most frequently examined statistical relationships in energy economics has been the price elasticity … More Demand for Gasoline is More Price-inelastic Than Commonly Thought