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. Results are presented for the U. S., Japan, and an aggregate called "Europe" consisting of eleven European economies. The … uptrend in previously developed wage gap indexes for Japan and Europe between the 1960s and 1980s. If anything real wages in … Europe and Japan were too flexible rather than too rigid, in the sense that much of the increase in wage gap indexes in …
Persistent link: https://www.econbiz.de/10012477000
2010 earthquake in Chile and the 2011 earthquake in Japan. In both cases there was an immediate and persistent effect on … product availability. The number of goods available for sale fell 32% in Chile and 17% in Japan from the day of the disaster …. In particular, we look at the frequency and magnitudes of price changes in both countries and find that the results in …
Persistent link: https://www.econbiz.de/10012459188
The purpose of this paper is to examine the relationship between the price of alcoholic beverages and the incidence of … violence is well documented, as is the negative relationship between the quantity of alcohol consumed and its price. These two … reduced form model is estimated where the probability of being a victim of violent crime is determined by the price of alcohol …
Persistent link: https://www.econbiz.de/10012471295
used to model multiple cessation attempts of young adults. The estimates indicate that increases in the price of cigarettes … remain smoke- free after at least one prior cessation attempt. The average price elasticity of cessation is 0.343. In …
Persistent link: https://www.econbiz.de/10012471369
a large empirical literature from the 1950's and 60's, that it is necessary to distinguish the response of price to an … two models that can potentially explain these findings. Both break the link between price and marginal cost, thereby … second is driven by firms pricing to limit non-price competition within their market …
Persistent link: https://www.econbiz.de/10012471473
cigarette price and policy-related measures to estimate smoking cessation equations for young adult males and females separately …
Persistent link: https://www.econbiz.de/10012471528
enough, however, the relative price of capital goods, an important component of the user cost of capital, has never been …
Persistent link: https://www.econbiz.de/10012471649
equilibrium price effects of coupons, we employ individual-level data to estimate a discrete choice model of demand for multiple … sclerosis drugs. We use our demand estimates to parameterize a model of drug price negotiations. For this category of drugs, we …
Persistent link: https://www.econbiz.de/10012938704
There is wide dispersion in pharmaceutical prices across countries with comparable quality standards. Under monopoly, off-patent and generic drug prices are at least four times higher in the United States than in comparable English-speaking high income countries. With five or more competitors,...
Persistent link: https://www.econbiz.de/10012629426
cause fluctuations in aggregate demand to have real effects are slight. Inefficient price rigidity arises because rigidity … has a negative externality: rigidity in one firm's price increases the variability of real aggregate demand, which hurts …
Persistent link: https://www.econbiz.de/10012476898