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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
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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
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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
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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
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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
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Externalities of the Microsoft^Rs Network Goods
Leitão, João; Osório, Carlos - EconWPA - 2002
This paper aims to make a public statement about the strategy implemented by Microsoft in order to reinforce its market power across the networked users of Windows Operative System, and Xbox Games Console. It is presented an economic view that supports the anticipating (not predatory) position...
Persistent link: https://www.econbiz.de/10005412955
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Trends in East European Factor Productivity
Kyn, Oldrich; Kyn, Ludmila - EconWPA - 2005
rates of growth of the total factor productivity. The rate of growth of the total factor productivity was estimated as a … average annual rates of growth of the total factor productivity were very high (around 6 per cent) in the case of … of total factor productivity over time we found that Czechoslovakia, Poland and Bulgaria experienced a quite considerably …
Persistent link: https://www.econbiz.de/10005125000
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Production Function of Skilled and Unskilled Labour in a Model of a Non-Growing Russian Economy. - Aberdeen: ILM Conference Proceedings, October 11-12, 1999. PP.560-575.
Olenev, Nicholas - EconWPA - 2003
This paper builds a production function of skilled and unskilled labour for the economy that does not grow. The paper uses the constant elasticity of substitution production function (CES) of skilled and unskilled labour on the micro level as an important building stone. The paper obtains a...
Persistent link: https://www.econbiz.de/10005125802
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The technological theory of production and a method of decomposition of the rate of GDP in terms of labour and capital services
Pokrovski, Vladimir - EconWPA - 2003
US economy is used to estimate the validity of the proposed theory. …
Persistent link: https://www.econbiz.de/10005134973
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Production Functions Estimates for Soviet Industry and Some Implications
Kyn, Oldrich; Wagener, Hans-Juergen; Hocke, Joerg - EconWPA - 2005
This study presents estimation of production functions for the Soviet industry from the 1951—1970 data. Different specifications and estimation procedures were tried. The results diverged on a wide range and this may have serious implications. The paper shows possible effects of different...
Persistent link: https://www.econbiz.de/10005407937