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The Consumer Gains from Direct Broadcast Satellites and the Competition with Cable Television

Goolsbee, Austan - 2001

This paper examines the introduction of Direct Broadcast Satellites as an alternative to cable television and the welfare gains such satellites generated for consumers. The extent to which satellites compete with cable has become an important issue in the debate over re-regulation of cable...

Persistent link: https://www.econbiz.de/10012470407

Generalized Separability and Integrability : Consumer Demand with a Price Aggregator

Fally, Thibault - National Bureau of Economic Research - 2022

This paper examines demand systems where the demand for a good depends on other prices only through a common price aggregator (a scalar function of all prices). We refer to this property as ``generalized separability'' and provide the functional forms of demand that this property implies when...

Persistent link: https://www.econbiz.de/10013191091

The Missing Intercept : A Demand Equivalence Approach

Wolf, Christian - National Bureau of Economic Research - 2021

I give conditions under which changes in private spending are accommodated in general equilibrium exactly like changes in aggregate fiscal expenditure. Under such demand equivalence, researchers can use time series evidence on fiscal multipliers to recover the general equilibrium "missing...

Persistent link: https://www.econbiz.de/10012794586

Integrability and Generalized Separability

Fally, Thibault - 2018

This paper examines demand systems where the demand for a good depends only on its own price, consumer income, and a single aggregator synthesizing information on all other prices. This generalizes directly-separable preferences where the Lagrange multiplier provides such an aggregator. As...

Persistent link: https://www.econbiz.de/10012480678

Nonparametric Identification of Differentiated Products Demand Using Micro Data

Berry, Steven T. - 2020

A recent literature considers the identification of heterogeneous demand and supply models via "quasi-experimental'' variation, as from instrumental variables. In this paper we establish nonparametric identification of differentiated products demand when one has "micro data'' linking...

Persistent link: https://www.econbiz.de/10012481252

Exchange Rates and Asset Prices in a Global Demand System

Koijen, Ralph S. J. - 2020

Using international holdings data, we estimate a demand system for financial assets across 36 countries. The demand system provides a unified framework for decomposing variation in exchange rates, long-term yields, and stock prices; interpreting major economic events such as the European...

Persistent link: https://www.econbiz.de/10012481536

Empirical Models of Consumer Behavior

Nevo, Aviv - 2010

key issues of estimation, and conclude by summarizing some extensions …

Persistent link: https://www.econbiz.de/10012462147

Reconsidering the Economics of Demand Analysis with Kinked Budget Constraints

Strong, Aaron - 2008

This paper has two objectives. First, we identify a problem with the ability of the discrete-continuous choice (DCC) framework and conditional demand functions to fully describe consumer preferences in the presence of kinked budget constraints. Second, we propose and illustrate an alternative,...

Persistent link: https://www.econbiz.de/10012464344

Common Sense and Simplicity in Empirical Industrial Organization

Pakes, Ariel - 2003

Conference in Boston, April 2003. I argue that new econometric tools have facilitated the estimation of models with realistic … environmental changes. The paper provides examples illustrating the value of simulation for the estimation of demand systems and of … semiparametrics for the estimation of entry models …

Persistent link: https://www.econbiz.de/10012468540

Airbus versus Boeing Revisited : International Competition in the Aircraft Market

Irwin, Douglas A. - 2001

This paper examines international competition in the commercial aircraft industry. We estimate a discrete choice, differentiated products demand system for wide-body aircraft and examine the Airbus-Boeing rivalry under various assumptions on firm conduct. We then use this structure to evaluate...

Persistent link: https://www.econbiz.de/10012470067

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