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Shrinking Goods and Sticky Prices: Theory and Evidence
Snir, Avichai; Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2011
If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices remain sticky. We study a situation where producers adjust the quantity (per...
Persistent link: https://www.econbiz.de/10008871165
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The product life cycle of durable goods
Kaldasch, Joachim - Volkswirtschaftliche Fakultät, … - 2011
The model presented here derives the product life cycle of durable goods. It is based on the idea that the purchase process consists of first purchase and repurchase. First purchase is determined by the market penetration process (diffusion process), while repurchase is the sum of replacement...
Persistent link: https://www.econbiz.de/10009295261
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Asymmetric Price Adjustment in the Small
Levy, Daniel; Chen, Haipeng; Ray, Sourav; Bergen, Mark - Volkswirtschaftliche Fakultät, … - 2006
Analyzing a large weekly retail transaction price dataset, we uncover a surprising regularity—small price increases occur more frequently than small price decreases for price changes of up to about 10 cents, while there is no such asymmetry for larger price changes. The asymmetry holds for the...
Persistent link: https://www.econbiz.de/10005616619
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Consumers recall and recognition for brand symbols
Subhani, Muhammad Imtiaz; Hasan, Syed Akif; Osman, Ms. Amber - Volkswirtschaftliche Fakultät, … - 2012
from an un-restricted random sampling of 250 consumers using different brands every now and then in Karachi. Gender, age … gender has an association with brand symbol recognition. For the recall of brand symbols, age plays an important and positive … weak as no association has been found with education and age. …
Persistent link: https://www.econbiz.de/10011259997
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Macro Consumption Function in an Islamic Framework by Fahim Khan: Comments
Hasan, Zubair - Volkswirtschaftliche Fakultät, … - 1985
This is a critique of an article of M. Fahim Khan pulished in an earlier issue of the same journal It argues that in other economic systems including capitalism too play an important role to mitigate the hardships of the poor but unlike the Islamic system they do not show their impact on income...
Persistent link: https://www.econbiz.de/10005835390
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A Single-Mindedness model with n generations
Emanuele, Canegrati - Volkswirtschaftliche Fakultät, … - 2007
In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I will introduce a new expression for the balanced-budget constraint, no longer based on lump- sum transfers as in the traditional literature, but rather on more realistic labour...
Persistent link: https://www.econbiz.de/10005835397
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Reference Dependence and Market Competition
Zhou, Jidong - Volkswirtschaftliche Fakultät, … - 2008
This paper studies the implications of consumer reference dependence in market competition. If consumers take some product (e.g., the first product they have considered) as the reference point in evaluating others and exhibit loss aversion, then the more "prominent" firm whose product is taken...
Persistent link: https://www.econbiz.de/10005835628
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Hopping on the Methadone Bus
Lippert, Steffen; Schumacher, Christoph - Volkswirtschaftliche Fakultät, … - 2009
This paper investigates the impact of a 'free drug program' on the market equilibrium of drugs. We introduce a screening model of the hard drug market in which dealers use payment and punishment options to screen between high and low risk users. We show that, if a free drug program selects...
Persistent link: https://www.econbiz.de/10005836044
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Prospettive per un nuovo Welfare.
Reggiani, Tommaso - Volkswirtschaftliche Fakultät, … - 2007
"Exit, Voice, and Loyalty" (A.O. Hirschman 1970) is a theoretical concept derived from the work of Albert O. Hirschman (1970) which is focused on two essential options in organizatios and products decline, being "exit" and "voice".The basis concept is as follows: members of an organization,...
Persistent link: https://www.econbiz.de/10005836166
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Uniform pricing and social welfare
Bertoletti, Paolo - Volkswirtschaftliche Fakultät, … - 2005
We re-examine the case for uniform pricing in a monopolistic third-degree price-discrimination setting by introducing differentiated costs. A profit-maximizing monopolist could then use price differentiation to reduce the production of the more costly goods, thereby decreasing average cost and...
Persistent link: https://www.econbiz.de/10005836215