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Present-Focused Preferences and Sin Goods Consumption at the Extensive and Intensive Margins
Kalamov, Zarko - 2020
This paper analyzes sin goods consumption when individuals exhibit present-focused preferences. It considers three types of present focus: present-bias with varying degrees of naiveté, Gul-Pesendorfer preferences, and a dual-self approach. We investigate the incentives to deviate from healthy...
Persistent link: https://www.econbiz.de/10012836009
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Monetary Policy Transmission to Consumer Financial Stress and Durable Consumption
Georgarakos, Dimitris - 2019
We examine the effects of monetary policy on household self-assessed financial stress and durable consumption using panel data from eighteen annual waves of the British Household Panel Survey. For identification, we exploit random variation in household exposure to interest rates generated by...
Persistent link: https://www.econbiz.de/10012866373
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Inflation Surprises in a New Keynesian Economy with a True Consumption Function
Tamborini, Roberto - 2023
The resurgence of inflation since the late 2021 is now accompanied by a reversal of prospects of growth, reviving fears of stagflation across the world (IMF 2022, World Bank 2022). In almost all accounts of the mounting stagflation threats a prominent role is played by the fall of households'...
Persistent link: https://www.econbiz.de/10014262559
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Quadratic Costs, Innovation and Welfare : The Role of Technology
Marjit, Sugata - 2020
In a Cournot oligopoly set up with constant marginal cost and linear demand, innovation is rewarding. In this paper we … work with a Cournot oligopoly framework with increasing marginal cost and linear demand and show that innovation may not be … interaction we attempt to capture and explain is the one of technology with the possibility of innovation via the intensity of …
Persistent link: https://www.econbiz.de/10012824572
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Platform Design and Innovation Incentives : Evidence from the Product Ratings System on Apple's App Store
Leyden, Benjamin T. - 2021
, innovation …
Persistent link: https://www.econbiz.de/10013224087
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The Role of Human Capital in Structural Change and Growth in an Open Economy : Innovative and Absorptive Capacity Effects
Bye, Brita; Faehn, Taran - 2021
Since the financial crisis in 2008, slow growth has riddled Europe and the Covid-19 pandemic is amplifying the challenge. Promoting economic growth and transforming to a more knowledge-based industrial structure will be high on the agenda for the coming decades. We study how more and better...
Persistent link: https://www.econbiz.de/10013249658
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Language as a Renewable Resource : Import, Dissipation, and Absorption of Innovations
Wickström, Bengt-Arne - 2021
The structural stability of different languages subject to the import of external elements is analyzed. We focus on the temporal side of the different processes interacting to produce a change in the structure of the language. That is, the rate of import and dissipation of new elements is seen...
Persistent link: https://www.econbiz.de/10013315865
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Property insurance, portfolio selection and their interdependence
Chang, Fwu-Ranq - 2008
This paper studies the interdependence between property insurance and portfolio selection. The insurance premium of property loss is shown to play the role of subsistence consumption in the analysis. Then, "security" becomes a necessity good and an increase in any insurance parameter would make...
Persistent link: https://www.econbiz.de/10010264331
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Uncertain bequest needs and long-term Insurance contracts
Fei, Wenan; Fluet, Claude; Schlesinger, Harris - 2008
We examine how long-term life insurance contracts can be designed to incorporate uncertain future bequest needs. An individual who buys a life insurance contract early in life is often uncertain about the future financial needs of his or her family, in the event of an untimely death. Ideally,...
Persistent link: https://www.econbiz.de/10010264521
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On the arbitrariness of consumption
Whalley, John; Zhang, Shunming - 2009
We discuss a simple model of choices of joint consumption by a working couple who place maintenance of their marriage (relationship) above all else. Any proposal made by one partner seeking to provide maximal utility to the other so as to preserve the marriage, in the case where preferences of...
Persistent link: https://www.econbiz.de/10010264574