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BEGIN:VEVENT
UID:4493b167f40eba61cbd6b8b331bde8a6
CATEGORIES:Seminars
CREATED:20141216T172932
SUMMARY:Joan Monras - Columbia University (Job Market Seminar)
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Immigration and Wage Dynamics: Evidence from the Mexican Peso Crisis\nAbstr
 act:\nWe measure the pass-through of emissions costs to electricity prices.
  We perform both reduced-form and structural estimations based on optimal b
 idding in this market. Using rich micro-level data, we estimate the channel
 s affecting pass-through in a flexible manner, with minimal functional form
  assumptions. Contrary to many studies in the general pass-through literatu
 re, we find that emissions costs are almost fully passed-through to electri
 city prices. Since electricity is traded through high-frequency auctions fo
 r highly inelastic demand, firms have weak incentives to adjust markups aft
 er the cost shock. Furthermore, the costs of price adjustment are small.\n\
 n\n \n
DTSTAMP:20260406T183211Z
DTSTART:20140124T173000Z
DTEND:20140124T190000Z
SEQUENCE:0
TRANSP:OPAQUE
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