Showing 1 - 10 of 31
This article uses household data to measure the substitutability between time and money for eight commodity groups and … different countries. The elasticities estimated using the household's market wage and an estimated opportunity cost of time are … general, smaller than those obtained using the opportunity cost of time. …
Persistent link: https://www.econbiz.de/10011098345
Using a unique cross-section sample from 10 OECD countries, we estimate willingness to pay for better quality of tap water. On the pooled sample, households are only willing to pay 7.5% of the median annual water bill to improve the quality of tap water. The highest relative willingness to pay...
Persistent link: https://www.econbiz.de/10008520971
€), mainly because of the speed's retreat (-5 %) and a higher opportunity cost of the time (+8 %). We finish this work by …
Persistent link: https://www.econbiz.de/10005012514
We provide a necessary condition for optimal commodity taxes when agents differ according to labor skill and consumption tastes and when the government can also use a general nonlinear tax on labor income. The discouragement index of commodities in shown to be the sum of (1) the distributive...
Persistent link: https://www.econbiz.de/10011268211
We study the testability implications of public versus private consumption. The distinguishing feature of our approach is that we start from a revealed preference characterization of collectively rational behavior. Remarkably, we find that assumptions regarding the public or private nature of...
Persistent link: https://www.econbiz.de/10008727370
We introduce a new type of demand system using a feedforward artificial neural network. The neural network demand system is a flexible system that requires few hypotheses, has no roots in consumer theory but may be used to test it. We use the system to estimate demand elasticities on micro data...
Persistent link: https://www.econbiz.de/10010723490
functions on long periods. The difference between estimations is the cross-sectional and time dimensions allow the …
Persistent link: https://www.econbiz.de/10010723491
This article investigates whether the formation of individual inflation expectations is biased towards a consensus and is thus subject to some kind of herding behavior. Basing on the traditional Carlson-Parkin approach to quantify qualitative survey expectations and its extension by Kaiser and...
Persistent link: https://www.econbiz.de/10010726617
This article investigates whether the formation of individual inflation expectations is biased towards a consensus and is thus subject to some kind of herding behavior. Basing on the traditional Carlson-Parkin approach to quantify qualitative survey expectations and its extension by Kaiser and...
Persistent link: https://www.econbiz.de/10010726618
This paper proposes an empirical analysis of the declining support for the German Social Democratic Party (SPD) during Schröder government's second term of office, which was marked by major reforms in the fields of unemployment insurance and labour market policy (Hartz reforms). Drawing on a...
Persistent link: https://www.econbiz.de/10010753971