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Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
Persistent link: https://www.econbiz.de/10011406885
Most demand -- especially labor demand -- is derived from the demand for some other product. This note demonstrates … case of derived demand. -- derived demand ; indirect demand ; consumers's surplus ; economic rent …
Persistent link: https://www.econbiz.de/10003333109
-constrained consumers' access to financial markets make demand insensitive to interest rate fluctuations. The demand of credit … price sector influence aggregate demand and, for monetary policy to have its desired effect, the central bank has to …
Persistent link: https://www.econbiz.de/10008810538
The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated … interest among researchers, consumers and producer organizations, managers, regulators and policymakers, This research reviews … the growing literature on models used to study demand, consumer baseline (CBL) and demand response in the electricity …
Persistent link: https://www.econbiz.de/10009548648
treatment of the demand for adoption. We show that the propensity to adopt a child increases in the degree of own altruism …. -- adoption ; demand for adoption ; fertility ; children ; altruism …
Persistent link: https://www.econbiz.de/10009558964
This paper presents a life cycle model for the demand for health, and derives empirical specifications that distinguish … between permanent and transitory wage responses. Using panel data, we estimate dynamic health and health input demand …
Persistent link: https://www.econbiz.de/10011336871
an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility …
Persistent link: https://www.econbiz.de/10010350414
We investigate how, in temporary economic hardship, agents change their consumption of health services, and how this depends on whether the service is universally free-of-charge visits to GP's or privately co-financed dental care. We find that own expenditures for dental care decrease. The...
Persistent link: https://www.econbiz.de/10011450026
Persistent link: https://www.econbiz.de/10001808429
of the banana plants because of sufficiently low elasticity of demand. Using the cyclones of 2006 and 2011 as exogenous … events, we identify the elasticity of demand for bananas in Australia to be around -0.5. We indeed find limited evidence for …
Persistent link: https://www.econbiz.de/10010250023