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Perceptions and Preferences for Redistribution
Stantcheva, Stefanie - National Bureau of Economic Research - 2021
The relationship between the degree of inequality and the demand for redistribution has been a central question in political science and political economy. The famous median-voter model predicts that higher inequality, reflected in a growing gap between the income of the average and the median...
Persistent link: https://www.econbiz.de/10012660048
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Demand Estimation Under Incomplete Product Availability
Conlon, Christopher T. - 2008
Incomplete product availability is an important feature of many markets; ignoring changes in availability may bias demand estimates. We study a new dataset from a wireless inventory system installed on 54 vending machines to track product availability every four hours. The data allow us to...
Persistent link: https://www.econbiz.de/10012464336
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Improving the Numerical Performance of BLP Static and Dynamic Discrete Choice Random Coefficients Demand Estimation
Dubé, Jean-Pierre H. - 2009
The widely-used estimator of Berry, Levinsohn and Pakes (1995) produces estimates of consumer preferences from a discrete-choice demand model with random coefficients, market-level demand shocks and endogenous prices. We derive numerical theory results characterizing the properties of the nested...
Persistent link: https://www.econbiz.de/10012463658
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Durable Goods and Conformity
House, Christopher L. - 2006
, we argue that the distribution of durable goods offered in markets tends to be compressed relative to the distribution of … consumers' underlying preferences. In particular, there are strong incentives for conformity in markets for durable goods. The … reason for conformity is natural: durables (for example houses) are traded and as a result, demand for these goods is …
Persistent link: https://www.econbiz.de/10012466641
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Early Decisions : A Regulatory Framework
Beshears, John - 2006
We describe a regulatory framework that helps consumers who have difficulty sticking to their own long-run plans. Early Decision regulations help long-run preferences prevail by allowing consumers to partially commit to their long-run goals, making it harder for a momentary impulse to reverse...
Persistent link: https://www.econbiz.de/10012466751
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Consumption, Commitmants and Preferences for Risk
Postlewaite, Andrew - 2004
We examine an economy in which the cost of consuming some goods can be reduced by making commitments to consumption …
Persistent link: https://www.econbiz.de/10012468166
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Attention Manipulation and Information Overload
Persson, Petra - 2017
Limits on consumer attention give firms incentives to manipulate prospective buyers' allocation of attention. This paper models such attention manipulation and shows that it limits the ability of disclosure regulation to improve consumer welfare. Competitive information supply, from firms...
Persistent link: https://www.econbiz.de/10012453888
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Income Inequality, the Median Voter, and the Support for Public Education
Corcoran, Sean - 2010
Using a panel of U.S. school districts spanning 1970 - 2000, we examine the relationship between income inequality and fiscal support for public education. In contrast with recent theoretical and empirical work suggesting a negative relationship between inequality and public spending, we find...
Persistent link: https://www.econbiz.de/10012462558
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Democracy and Protectionism
O'Rourke, Kevin H. - 2006
Does democracy encourage free trade? It depends. Broadening the franchise involves transferring power from non-elected elites to the wider population, most of whom will be workers. The Hecksher-Ohlin-Stolper-Samuelson logic says that democratization should lead to more liberal trade policies in...
Persistent link: https://www.econbiz.de/10012466418
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Equilibrium Tax Rates and Income Redistribution : A Laboratory Study
Agranov, Marina - 2014
This paper reports results from a laboratory experiment that investigates the Meltzer-Richard model of equilibrium tax rates, inequality, and income redistribution. We also extend that model to incorporate social preferences in the form of altruism and inequality aversion. The experiment varies...
Persistent link: https://www.econbiz.de/10012458719