Chu, Chenghuan Sean - Federal Reserve Board (Board of Governors of the … - 2008
.0 channels over the period 1994–2002,
while inflation-adjusted prices rise by $2.15. Similarly, the high good offered by two …, consuming good j from firm k at time t yields
a utility that is quasilinear in price and has the form
uijkt = tiq(x1,jkt …)−pjkt +ξjkt (1)
x1,jkt is a vector of indicators for included channels. The function q(·) translates x1,jkt into units
of utility …