Showing 1 - 10 of 533
In a two-good setting we axiomatize (a) preferences with subsistence consumption and (b) a generalized version of Leontief preferences. Our axiomatization allows for different levels of subsistence and captures the presence of poverty and prosperity. Our axioms are based on the irrelevance of...
Persistent link: https://www.econbiz.de/10011098739
We consider dynamic congestion in an urban setting where trip origins are spatially distributed. All travelers must pass through a downtown bottleneck in order to reach their destination in the CBD. Each traveler chooses departure time to maximize general concave scheduling utility. We find...
Persistent link: https://www.econbiz.de/10011107266
We analyze bargaining mechanisms for allocating resources in atomless econo- mies. We provide results proving that it is not necessary to consider the forma- tion of all coalitions in order to obtain the bargaining sets. This is shown under restrictions of different nature, triggering different...
Persistent link: https://www.econbiz.de/10011107345
This paper presents a comprehensive review of the econometric approaches for the analysis of tourism expenditure at individual level. The attempt to consider only regression models is novel in literature. The paper resumes 86 papers and 354 estimates of econometric models from data at individual...
Persistent link: https://www.econbiz.de/10011107561
This paper proposes a model of individual choice that does not assume completeness of the decision maker's preferences. The model helps explain in a natural way, and within a unied framework of choice in the presence of preference-incomparable options, three distinct behavioural phenomena: the...
Persistent link: https://www.econbiz.de/10011107581
We examine econometric and elementary economic theory issues arising from the model specification in Henderson, Storeygard and Weil (2012), that uses night light data to proxy for missing or unreliable GDP growth data. An alternative approach based on the expenditure function is outlined. It can...
Persistent link: https://www.econbiz.de/10011108043
On this note we introduce some behavioral hypothesis on the static version of Grossman model on the demand for health. Three behavioral hypotheses are considered in the static version of Grossman model: the status, the social pressure and trust. We show that a preference for status and for...
Persistent link: https://www.econbiz.de/10011108202
In this paper we propose a new time series empirical test to identify housing bubble periods. Our test estimates the beginning and the burst of bubbles as structural breaks in the difference between the appreciation rates of the Case-Shiller price tiers. We identify the relevant periods by...
Persistent link: https://www.econbiz.de/10011108300
Cable Services (CS) has characteristics of excludable public goods, which means they have externalities, but with a degree of excludability to those who are not willing to pay its price. The paper analyses choices for CS using household data from small towns of India. The analysis is structured...
Persistent link: https://www.econbiz.de/10011108411
The purpose of this theoretical note is to develop a model of third-degree price discrimination in which the quantities sold in each market are interdependent. We demonstrate in our mathematical model that in this situation the price differential may be explained not only in terms of price...
Persistent link: https://www.econbiz.de/10011108689