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Stock Market Volatility, Consumption and Investment; An Evaluation of the Uncertainty Hypothesis Using Post-War U.S. Data
Raunig, Burkhard; Scharler, Johann - 2011
We estimate the effects of stock market volatility on the growth rates of durable consumption, non-durable consumption … adverse effects on the growth rates of investment and durable consumption, whereas the in uence on non-durable consumption …
Persistent link: https://www.econbiz.de/10013370085
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Public acceptability of population-level interventions to reduce alcohol consumption: A discrete choice experiment
Pechey, Rachel; Burge, Peter; Mentzakis, Emmanouil; … - In: Social Science & Medicine 113 (2014) C, pp. 104-109
discrete choice experiment provides a novel investigation of the acceptability of different interventions to reduce alcohol … consumption and the effect of information on expected effectiveness, using a UK general population sample of 1202 adults. Policy … options included high, medium and low intensity versions of: Minimum Unit Pricing (MUP) for alcohol; reducing numbers of …
Persistent link: https://www.econbiz.de/10011042269
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Explicit evidence of an implicit contract
Young, Andrew T.; Levy, Daniel - 2013
We thank three anonymous referees for thoughtful comments and suggestions which we found very constructive and helpful. We are particularly grateful to the editor, Al Klevorick, for his advice and painstaking guidance through the multiple revision process. We thank Robert Barsky, Susanto Basu,...
Persistent link: https://www.econbiz.de/10010336017
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Explicit Evidence on an Implicit Contract
Young, Andrew T.; Levy, Daniel - 2010
We offer the first direct evidence of an implicit contract in a goods market. The evidence we offer comes from the market for Coca-Cola. We demonstrate that the Coca-Cola Company left a substantial amount of written evidence of its implicit contract with its consumers-a very explicit form of an...
Persistent link: https://www.econbiz.de/10010336020
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Promise, trust and betrayal: Costs of breaching an implicit contract
Levy, Daniel C.; Young, Andrew T. - 2019
We study the cost of breaching an implicit contract in a goods market, building on a recent study that documented the presence of such a contract in the Coca-Cola market, in the US, during 1886-1959. The implicit contract promised a serving of Coca-Cola of a constant quality (the "real thing"),...
Persistent link: https://www.econbiz.de/10012057429
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Experts, reputation and umbrella Effects: Empirical evidence from wine prices
Pennerstorfer, Dieter; Weiss, Christoph R.; Huber, Andreas - 2019
We investigate the relationship between external quality evaluation via experts, firm reputation and product prices and extend the existing empirical literature in three dimensions. First, we empirically account for endogenous reputation effects. An increase in quality has an immediate positive...
Persistent link: https://www.econbiz.de/10012140931
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Explicit Evidence on an Implicit Contract
Young, Andrew T.; Levy, Daniel - 2005
We offer the first direct evidence of an implicit contract in a goods market. The evidence we offer comes from the market for Coca-Cola. We demonstrate that the Coca-Cola Company left a substantial amount of written evidence of its implicit contract with its consumers—a very explicit form of...
Persistent link: https://www.econbiz.de/10013204750
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Promise, trust and betrayal: Costs of breaching an implicit contract
Levy, Daniel C.; Young, Andrew T. - 2020
We study the cost of breaching an implicit contract in a goods market. Young and Levy (2014) document an implicit contract between the Coca-Cola Company and its consumers. This implicit contract included a promise of constant quality. We offer two types of evidence of the costs of breach. First,...
Persistent link: https://www.econbiz.de/10012802799
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Should the government sell you goods? Evidence from the milk market in Mexico
Jiménez Hernández, Diego; Seira, Enrique - 2023
supplied milk by 2.4% and increased household consumption. To compare direct provision with budget-neutral alternatives, we …
Persistent link: https://www.econbiz.de/10014480356
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“Consolidation of Ownership and Market Consolidation:The Role of Relational Investors on the Polish Beer Market1990 –1999”
Górzyński, Michal - Centre for the Study of Economic and Social Change in … - 2002
This paper presents a case study based on a full dataset related to 31 companies operating in thePolish beer industry during the 1990’s. It discusses the impact of privatisation and of secondaryownership transfers on market outcomes. It confirms the critical role played by foreign...
Persistent link: https://www.econbiz.de/10005868251