Showing 1 - 10 of 27
are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities. … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities …
Persistent link: https://www.econbiz.de/10005561778
high priority needs in the life, and smaller needs can be subsequent, for progressive happiness. Money cannot bring …
Persistent link: https://www.econbiz.de/10005408439
El tema de la inflación ha sido uno de los más debatidos en los últimos meses. Los incrementos de precios registrados en el primer trimestre de 2005 han avivado la discusión. Este trabajo muestra que el problema está lejos de estar fuera de control y que determinadas medidas de política...
Persistent link: https://www.econbiz.de/10005076625
Arrow’s Impossibility Theorem shows that transitive social preference is impossible. This note shows that in the general case of exchange, social preference need not be transitive. Indeed, it shows that social preference must be non-transitive to allow gainful exchange to maximize social...
Persistent link: https://www.econbiz.de/10005135127
indirect trade, money also must be used. Micro says that price is equal to marginal cost, rejecting trade theory’s claim that … trade is gainful. To remove these and other contradictions, price theory must be repaired. Money’s role in market clearing …
Persistent link: https://www.econbiz.de/10005413280
periodically but make consumption decisions on a more frequent basis. The model incorporates price uncertainty and imperfect credit … markets. The simulated numerical solution to this model shows that weekly consumption functions are ordered such that the …
Persistent link: https://www.econbiz.de/10005135011
This report examines selected work arrangements and assesses their implications for the performance of meat processing enterprises. The effects on employees are also considered, and the scope to achieve further necessary change is analysed. The study has drawn on information obtained from...
Persistent link: https://www.econbiz.de/10005561801
future consumption and savings. . Although the motion of the consumer confidence index is of interest to both policymakers … consumption expenditure of Hungarian households. Our results suggest that, in addition to macro variables, the consumer confidence …
Persistent link: https://www.econbiz.de/10005561813
This paper estimates a constant returns to scale agricultural production function of the three basic factors of production. Such a function is a useful tool for macroeconomic, growth, and development studies. It uses the shares approach that Solow used in 1957 and very disaggregated Canadian...
Persistent link: https://www.econbiz.de/10005413260
The aim of this work is that of exemplifying some applications of the modern theory of the complexity to the economic sector; we will highlight some of the possibilities of control of chaotic systems and some of that possibilities which are opened by the study of such systems. Remembering how a...
Persistent link: https://www.econbiz.de/10005560963