and less affected by travel cost shocks. We propose a simple theory of storability/durability of a sector's output as a …

the impact of the weather on purchasing decisions. We find that the choice to purchase a convertible, a 4-wheel drive, or … a vehicle that is black in color is highly dependent on the weather at the time of purchase in a way that is … inconsistent with classical utility theory. Similarly, we find that the hedonic value that a swimming pool and that central air add …

fundamentals, focusing primarily on temperature. We show that when theory clearly identifies the fundamental, i.e., at temperatures …-thirds of the entire winter return variability occurs on these days. Moreover, when theory suggests no such relation, i.e., at … is good news for the theory and for market efficiency, not bad news. In terms of residual FCOJ return volatility, we also …

an unusual weather pattern depend crucially on actuarial models for determining event (e.g., default) probabilities. In …

both short-run weather and long-run climate. Exploiting the longitudinal structure of the NLSY79 and random fluctuations in … weather across interviews, we identify the effect of temperature in models with child-specific fixed effects. We find that … from short run weather shocks …

is taken by itself. It is argued that these results cast doubt, not onlife-cycle theory itself, but on the representative …