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We present a model of political budget cycles in which incumbents influence voters by targeting government spending to specific groups of voters at the expense of other voters or other expenditures. Each voter faces a signal extraction problem: being targeted with expenditure before the election...
Persistent link: https://www.econbiz.de/10012466478
dataset of weekly provincial hog prices, we employ a novel spatial network model to estimate the strength of price co …, longer geographical distances between two provinces did not weaken the strength of their price linkage. The ban broken down … spatial integration. Longer distances became a significant obstacle to spatial price linkage in the post-ban periods, implying …
Persistent link: https://www.econbiz.de/10012616589
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