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EXPECTATIONS AND ADJUSTMENTS IN THE MONETARY SECTOR

Feige, Edgar L. - EconWPA - 2005

This paper examines the problem of appropriately specifying and estimating the money demand function in the presence of adaptive expectations and partial adjustment mechanisms. The paper demonstrates the difficulty of interpreting distributed lag reduced form representations of the monetary...

Persistent link: https://www.econbiz.de/10005076678

Social ties within school classes –- the roles of gender, ethnicity, and having older siblings

Soetevent, Adriaan R.; Kooreman, Peter - EconWPA - 2005

-ethnicity interactions, while expenditures on cell phone and on clothing exhibit mainly between-girls interactions. Having older siblings has …

Persistent link: https://www.econbiz.de/10005077075

The Coase Problem: A Transformation of the Usual Utility Function

Maçãs, Paulo - EconWPA - 2003

Given that demand for durable goods is not constant over time, we propose in this article a transformation of the utility function, which accounts for discrete time and for the effect of different levels of income in the utility of buying. With this, the original Coase paradox will collapse. The...

Persistent link: https://www.econbiz.de/10005413295

Durables, Nondurables, Down Payments and Consumption Excesses

Luengo-Prado, Maria J. - EconWPA - 2004

We examine a model that generalizes the standard buffer-stock model of savings to accommodate durables, nondurables and a collateralized liquidity constraint, with and without adjustment costs in the durables market. Since there is no known analytical solution to the model, we solve it...

Persistent link: https://www.econbiz.de/10005561071

Designing Free Sofware for Marketing: A Game Theoretic Approach

Faugere, Christophe; Tayi, Giri Kumar - EconWPA - 2003

We develop a vertical differentiation game-theoretic model that addresses the issue of designing free software samples for attaining follow-on sales. When software samples are akin to durable goods, a Monopolist giving a free sample away is likely to engender the cannibalization of sales of its...

Persistent link: https://www.econbiz.de/10005118541

Another Perspective on Planned obsolescence: is there really too much Innovation?

Ruiz, Juan - EconWPA - 2003

Models of durable goods with network externalities that set instantaneously have emphasized that a monopolist selling those goods has too high an incentive to introduce new vintages of the durable good, to make previous vintages (already bought by consumers) obsolete. This is referred to as...

Persistent link: https://www.econbiz.de/10005561432

O EFEITO DA PUBLICIDADE EXPERIMENTÁVEL NA FIXAÇÃO DO PREÇO DOS BENS DURÁVEIS

Maçãs, Paulo; Leitão, João; Osório, Carlos - EconWPA - 2003

Resumo: O consumidor de um bem durável tem uma expectativa face ao momento futuro, que é caracterizada pelo usufruto de uma inovação do produto introduzida através da publicidade experimentável, a qual contribui para a diminuição do preço dos bens duráveis no momento actual. A...

Persistent link: https://www.econbiz.de/10005561804

Parental Wealth Effects on Living Standards and Asset Holdings: Results from Chile

Torche, Florencia; Spilerman, Seymour - EconWPA - 2005

influenced indirectly, through parental investments in education and earnings capacity, whereas the wealth holdings of families …

Persistent link: https://www.econbiz.de/10005076518

The Evolution of Wealth Inequality in Canada, 1984-1999

Morissette, Rene; Zhang, Xuelin; Drolet, Marie - EconWPA - 2004

evolution of wealth inequality in Canada between 1984 and 1999. Our main findings are as follows: 1) Wealth inequality has … increased between 1984 and 1999; 2) the growth in wealth inequality has been associated with substantial declines in real … average and median wealth for recent immigrants and young couples with children; 3) real median wealth and real average wealth …

Persistent link: https://www.econbiz.de/10005077085

Estimating and testing intertemporal preferences: A unified framework for consumption, work and savings

Chin, William - EconWPA - 2004

Five waves of the Panel Study of Income Dynamics (PSID), 1985-1989 including both wealth supplements, are used to …

Persistent link: https://www.econbiz.de/10005125687