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Daily city-level expenditures and prices are used to estimate the price responsiveness of gasoline demand in the United States. Using a frequency of purchase model that explicitly acknowledges the… (More)
E-Commerce represents a rapidly growing share of consumer spending in the U.S. We use transactions-level data on credit and debit cards from Visa, Inc. between 2007 and 2017 to quantify the resulting… (More)
Economists’ wariness of data mining may be misplaced, even in cases where economic theory provides a well-specified model for estimation. We discuss how new data mining/ensemble modeling software,… (More)