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Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - University of Toronto, Department of Economics - 2013

In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...

Persistent link: https://www.econbiz.de/10010850120

Three Centuries of Luxury Textile Consumption in the Low Countries and England, 1330 - 1570: New Methodologies for Estimating Changes in Real Values

Munro, John H. A. - University of Toronto, Department of Economics - 2008

This study is a much revised and extended version of two previously issued working papers on the production, sale, and consumption of woollen textiles in England and the Low Countries, from the fourteenth to the sixteenth centuries. It focuses on the hey-day of the production and international...

Persistent link: https://www.econbiz.de/10005704757

The Anti-Red Shift -- to the Dark Side: Changes in the Colour Patterns and Market Values of Flemish Luxury Woollens, 1300 - 1550

Munro, John H. A. - University of Toronto, Department of Economics - 2006

The Anti-Red Shift -- to the Dark Side: Changes in the Colour Patterns and Market Values of Flemish Luxury Woollens, 1300 - 1550 This study documents, though it cannot fully explain, the striking shift in the spectrum of colour patterns in woollen textiles, from those of the Black Death era in...

Persistent link: https://www.econbiz.de/10005704782

Necessities and Luxuries in Early-Modern Textile Consumption: Real Values of Worsted Says and Fine Woollens in the Sixteenth-Century Low Countries

Munro, John H. - University of Toronto, Department of Economics - 2008

If mankind’s three basic necessities have always been food, clothing, and shelter, whose production, trade, and consumption have rightly been a primary focus of economists and economic historians for many generations, we may ask this vital question: how do they distinguish between necessities...

Persistent link: https://www.econbiz.de/10005704785

Market Segmentation: The Role of Opaque Travel Agencies

Shapiro, Dmitry; Shi, Xianwen - University of Toronto, Department of Economics - 2008

This paper investigates the role of discount travel agencies such as Priceline and Hotwire in the market segmentation of the hotel and airline industries. These agencies conceal important characteristics of the offered services, such as hotel locations or flight schedules. We explicitly model...

Persistent link: https://www.econbiz.de/10005771700

An Estimable Dynamic Model of Entry, Exit and Growth in Oligopoly Retail Markets

Aguirregabiria, Victor; Mira, Pedro; Roman, Hernan - University of Toronto, Department of Economics - 2007

the entry-exit model estimated in Aguirregabiria and Mira (2007). First, it includes firm size and growth as endogenous … the quality of their businesses, and decide to exit or to continue in the market. The model extends in two important ways …

Persistent link: https://www.econbiz.de/10005771704

Empirical Games of Market Entry and Spatial Competition in Retail Industries

Aguirregabiria, Victor; Suzuki, Junichi - University of Toronto, Department of Economics - 2015

We survey the recent empirical literature on structural models of market entry and spatial competition in oligopoly …

Persistent link: https://www.econbiz.de/10011158360

Misallocation and Productivity

Restuccia, Diego; Rogerson, Richard - University of Toronto, Department of Economics - 2012

productivity (TFP). In this article, we summarize a recent literature - and the articles in this special issue on misallocation and … productivity - that focus on the reallocation of factors across heterogeneous production units as an important source of measured …

Persistent link: https://www.econbiz.de/10010850124

Explaining Educational Attainment across Countries and over Time

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2013

assess the quantitative contribution of productivity and life expectancy differences across countries in explaining … schooling in poor than in rich countries consistent with the data. These results highlight the importance of productivity and … development in education, emphasizing the crucial role of productivity improvements in poor countries relative to often …

Persistent link: https://www.econbiz.de/10010850127

Explaining Educational Attainment across Countries and over Time

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2014

labor supply margin to assess the quantitative contribution of productivity and life expectancy in explaining educational … productivity. …

Persistent link: https://www.econbiz.de/10010850131