Narrow search
Showing 1 - 10 of 7,215
Cover Image
Why Do Inventories Rise When Demand Falls in Housing and Other Markets?
Lazear, Edward P. - 2010
in low demand markets and shrink in high demand markets. This is a puzzle. Symmetry of information among buyers and …. Because there is heterogeneity among buyers in the valuation of a given house, sellers set prices strategically. When demand …
Persistent link: https://www.econbiz.de/10012462772
Cover Image
Non-Parametric Demand Analysis with an Application to the Demand for Fish
Angrist, Joshua D. - 1995
market in New York City to estimate an average elasticity of wholesale demand for fresh fish. The weighting function …Instrumental variables (IV) estimation of a demand equation using time series data is shown to produce a weighted … average derivative of heterogeneous potential demand functions. This result adapts recent work on the causal interpretation of …
Persistent link: https://www.econbiz.de/10012473812
Cover Image
Identification through Heteroskedasticity : Measuring "Contagion
Rigobon, Roberto - 2000
In this paper, I develop a new identification method to solve the problem of simultaneous equations, based on heteroskedasticity of the structural shocks. I show that if the heteroskedasticity can be described as a two-regime process, then the system is just identified under relatively weak...
Persistent link: https://www.econbiz.de/10012471283
Cover Image
Investigating the Dynamic Effects of Counterfeits with a Random Changepoint Simultaneous Equation Model
Qian, Yi - 2011
Using a unique panel dataset and a new model, this article investigates the dynamic effects of counterfeit sales on authentic-product price dynamics. We propose a Bayesian random-changepoint simultaneous equation model that simultaneously takes into account three important features in empirical...
Persistent link: https://www.econbiz.de/10012461965
Cover Image
Dynamic Seemingly Unrelated Cointegrating Regression
Mark, Nelson C. - 2003
Multiple cointegrating regressions are frequently encountered in empirical work as, for example, in the analysis of panel data. When the equilibrium errors are correlated across equations, the seemingly unrelated regression estimation strategy can be applied to cointegrating regressions to...
Persistent link: https://www.econbiz.de/10012469103
Cover Image
A Dynamic Model of Price Discrimination and Inventory Management at the Fulton Fish Market
Graddy, Kathryn - 2009
We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set … the key features observed in a set of high quality transaction-level data on fish sales collected at the Fulton fish …
Persistent link: https://www.econbiz.de/10012463630
Cover Image
The Nature of Excess : Using Randomized Treatments to Investigate Price Dynamics
Al-Ubaydli, Omar - 2010
make use of appropriate demand and supply systems coupled with randomization of the main treatment variable to discriminate …
Persistent link: https://www.econbiz.de/10012462338
Cover Image
Comparative Statics in Markets for Indivisible Goods
Caplin, Andrew - 2010
We complete the study of comparative statics initiated in Caplin and Leahy [2010], which introduced a new mathematical apparatus for understanding NTU allocation markets, as such covering the housing market and other markets for large indivisible goods. We introduce homotopy methods to...
Persistent link: https://www.econbiz.de/10012462372
Cover Image
Growing State-Federal Conflicts in Environmental Policy : The Role of Market-Based Regulation
Williams, Roberton C, III. - 2010
In recent years, cases in which state governments chose to override federal environmental regulation with tighter regulations of their own have become increasingly common, even for pollutants that have substantial spillovers across states. This paper argues that this change arose at least in...
Persistent link: https://www.econbiz.de/10012462473
Cover Image
Taxing Guns vs. Taxing Crime : An Application of the "Market for Offenses Model"
Ehrlich, Isaac - 2010
The interaction between offenders and potential victims has so far received relatively little attention in the literature on the economics of crime. The main objective of this paper is twofold: to extend the "market for offenses model" to deal with both "product" and "factor" markets, and to...
Persistent link: https://www.econbiz.de/10012462644