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The generalized composite commodity theorem (Lewbel 1996) is used to test for consistent aggregation of U.S. and … aggregated into as few as five categories. The aggregation of all outputs into a single output cannot be supported in either …
Persistent link: https://www.econbiz.de/10005338787
separability conditions for aggregation have been rejected is reconsidered to determine if aggregation can be based on the GCCT … of formulating aggregates prior to conducting tests for aggregation is addressed. …
Persistent link: https://www.econbiz.de/10005503209
When elementary prices move strictly proportionately, aggregation over a group of diverse products is valid, and group … commercial disappearance as a proxy for food demand can be misleading for policy analysis. Key words: commodity aggregation …
Persistent link: https://www.econbiz.de/10005525436
Meat consumption and socio-demographic data from the 1990, 1993 and 1996 SUSENAS Household Food Expenditure and Consumption Surveys were employed to estimate the demand for meats in Indonesia. The focus was on the Provinces of DKI Jakarta and West Java where about one-fourth of the Indonesian...
Persistent link: https://www.econbiz.de/10005803001
Boards hire and fire CEOs based on imperfect information. Using comprehensive data on 28 cohorts in Sweden, we analyze the role of a potentially important unobserved attribute - CEO health - in corporate governance. We find CEOs are significantly healthier than the population and other highskill...
Persistent link: https://www.econbiz.de/10012615395
For previously identified weakly separable blockings of goods and assets, we construct aggregates using four superlative index numbers, the Fisher, Sato-Vartia, Törnqvist and Walsh, two non-superlative indexes, the Laspeyres and Paasche and the atheoretical simple summation. We conduct several...
Persistent link: https://www.econbiz.de/10012145533
Swofford and Whitney (1987) investigated the validity of two types of assumptions that underlie the representative agent models of modern macroeconomics and monetary economics. These assumptions are utility maximization and weak or functional separability that is required for an economic...
Persistent link: https://www.econbiz.de/10009793392
Boards hire and fire CEOs based on imperfect information. Using comprehensive data on 28 cohorts in Sweden, we analyze the role of a potentially important unobserved attribute - CEO health - in corporate governance. We find CEOs are significantly healthier than the population and other highskill...
Persistent link: https://www.econbiz.de/10012181126
For previously identified weakly separable blockings of goods and assets, we construct aggregates using four superlative index numbers, the Fisher, Sato-Vartia, Törnqvist and Walsh, two non-superlative indexes, the Laspeyres and Paasche and the atheoretical simple summation. We conduct several...
Persistent link: https://www.econbiz.de/10012133128