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utility context. Individuals start by choosing their investments in education anticipating returns in the marriage market and … the labor market. They then match based on the economic value of marriage and on preferences. Equilibrium in the marriage … market determines intrahousehold allocation of resources. Following marriage households (married or single) save, supply …
Persistent link: https://www.econbiz.de/10013024492
In recent years, some English critics have claimed that Damien Hirst and his fellow young British artists have made London the new center of the advanced art world. As Hirst reaches the age of 40, this paper uses auction results to measure the importance of the YBAs compared to their American...
Persistent link: https://www.econbiz.de/10013252331
properties of the dynamic game estimators. An empirical application to the dynamic demand of the potato chip market shows that …
Persistent link: https://www.econbiz.de/10013023350
based on the case of Idaho’s potato supply chain. Results showed that not only the magnitude but also the timing of the …
Persistent link: https://www.econbiz.de/10013213674
To investigate how fuel economy is valued in the Indian car market, we compute the cost to Indian consumers of … hedonic price functions for four market segments (petrol hatchbacks, diesel hatchbacks, petrol sedans, and diesel sedans) to … associated present value of fuel savings falls within the 95 percent confidence interval for some specifications, in all market …
Persistent link: https://www.econbiz.de/10013125922
Safe assets are demanded to smooth consumption across states (both intertemporally and in cross-section). Some of these assets are supplied publicly (government bonds) and some are created and supplied privately (such as mortgagebacked securities and asset-backed securities). Private assets are...
Persistent link: https://www.econbiz.de/10013087882
In the automobile industry, as in many tradable goods markets, firms usually earn their highest market share within … their domestic market. The goal of this paper is to disentangle the supply- and demand-driven sources of the home market … advantage. While trade costs, foreign production costs, and taste heterogeneity all matter for market outcomes, we find that a …
Persistent link: https://www.econbiz.de/10013014669
behavior in the car market. We show that a social planner can use leasing contracts to improve welfare but they are imperfect … tools; they cannot generally achieve first best while other mechanisms can. We also show that a producer with market power … can benefit from leasing contracts for two reasons: better pricing of the option of keeping the used good, and market …
Persistent link: https://www.econbiz.de/10012774893
Digital platforms like Uber can enhance market transparency and mitigate moral hazard via ratings of buyers and sellers …
Persistent link: https://www.econbiz.de/10012911461
Recent empirical work finds a negative correlation between product market regulation and aggregate employment. We … examine the effect of product market regulations on hours worked in a benchmark aggregate model of time allocation. We find … that product market regulations affect time devoted to market work in effectively the same fashion as do taxes on labor …
Persistent link: https://www.econbiz.de/10012760396