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In this paper household level data are used to explore whether unemployment risk is an important factor in the timing … cycle. The model predicts that consumers respond to increases in unemployment risk by postponing purchases of the durable …. Consistent with the model, there is evidence that unemployment risk has a direct effect on the timing of home purchases …
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Many studies discuss the proliferation of brand extensions (eg. Romeo, 1991; Han, 1998; Milberg, Whan Park and McCarthy, 1997), but there is a lack of academic research to show how common they really are. The present study documents the incidence of brand extensions in three geographic consumer goods...
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Using average import prices (unit values) as proxies for quality, a large body of the international trade literature finds both theoretical and empirical support for the positive relationship between importer income and quality of imports. Several authors, however, argue that the empirical...
Persistent link: https://www.econbiz.de/10012995108
Due to the economic liberalization processes and the ongoing opening of the Chinese economy for foreign trade and investment, which have been carried out since 1980, Chinese consumer goods markets have been transformed from sellers markets into buyers markets throughout the last years. In such...
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