In economics, price elasticity is a measure of how reactive the marketplace is to a change in price for a given product. However, price elasticity works in two ways. While the price elasticity of ...

The standard view of housing markets holds that the flexibility of local housing supply–shaped by factors like geography and regulation–strongly affects the response of house prices, house quantities ...

We study how trade-policy dynamics affect the dynamics of trade volumes and the implications of these effects for estimates of the trade elasticity. We use data on US imports and trade policy from ...