Similar Search Results

Income and Wealth Effects on Private-Label Demand : Evidence from the Great Recession

Dubé, Jean-Pierre - 2015

-side response to the recession shows only small changes in the relative price of national-brand and private-label products. Our …-label quality tiers or to the overall rate of private-label versus national-brand product introductions …

Persistent link: https://www.econbiz.de/10013017514

Quality Provision, Expected Firm Altruism and Brand Extensions

Rotemberg, Julio J. - 2010

the demand for a brand's existing products even if the quality of these existing products is well understood by consumers …. The model provides an interpretation for the dependence of the success of brand extensions on the ``fit" between the … original product and the extension. The model can also explain why a ``high-end" brand that is expected to care only for its …

Persistent link: https://www.econbiz.de/10013149303

Optimal Price Indices for Targeting Inflation Under Incomplete Markets

Anand, Rahul - 2011

In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...

Persistent link: https://www.econbiz.de/10013133080

Demand Estimation Under Incomplete Product Availability

Conlon, Christopher T. - 2010

Incomplete product availability is an important feature of many markets; ignoring changes in availability may bias demand estimates. We study a new dataset from a wireless inventory system installed on 54 vending machines to track product availability every four hours. The data allow us to...

Persistent link: https://www.econbiz.de/10012758419

Dynamics of Consumer Demand for New Durable Goods

Gowrisankaran, Gautam - 2009

Most new consumer durable goods experience rapid prices declines and quality improvements, suggesting the importance of modeling dynamics. This paper specifies a dynamic model of consumer preferences for new durable goods with persistently heterogeneous consumer tastes, rational expectations,...

Persistent link: https://www.econbiz.de/10012764836

Identification and Efficient Semiparametric Estimation of a Dynamic Discrete Game

Bajari, Patrick - 2015

In this paper, we study the identification and estimation of a dynamic discrete game allowing for discrete or continuous state variables. We first provide a general nonparametric identification result under the imposition of an exclusion restriction on agent payoffs. Next we analyze large sample...

Persistent link: https://www.econbiz.de/10013023350

Scarred Consumption

Malmendier, Ulrike - 2018

We show that personal experiences of economic shocks can “scar'” consumer behavior in the long run. We first illustrate the effects of experience-based learning in a simple stochastic life-cycle consumption model with time-varying financial constraints. We then use data from the Panel Study...

Persistent link: https://www.econbiz.de/10012916890

Salience and Taxation : Theory and Evidence

Chetty, Raj; Looney, Adam; Kroft, Kory - 2021

A central assumption in public finance is that individuals optimize fully with respect to the incentives created by tax policies. In this paper, we test this assumption using two empirical strategies. First, we conducted an experiment at a grocery store where we posted tax-inclusive prices for...

Persistent link: https://www.econbiz.de/10013238744

The Elasticity of Demand with Respect to Product Failures; or Why the Market for Quack Medicines Flourished for More than 150 Years

Troesken, Werner - 2010

Between 1810 and 1939, real per capita spending on patent medicines grew by a factor of 114; real per capita GDP by a factor of 5. The long-term growth and survival this industry is puzzling when juxtaposed with standard historical accounts, which typically portray patent medicines as quack...

Persistent link: https://www.econbiz.de/10013148381

Consumption Demand

Attanasio, Orazio - 2021

Consumption is the largest component of GDP. Since the 1950s, the life cycle and the permanent income models have constituted the main analytical tools to the study of consumption behavior, both at the micro and at the aggregate levels. Since the late 1970s the literature has focused on versions...

Persistent link: https://www.econbiz.de/10013244108