English Abstract: We measure impact of real estate housing prices on household consumption and investigate channels in operation, making use of panel data from Korea. Our baseline finding is that households expand their consumption by 0.194 percentage points in response to a 1 percentage point...

Stressing the importance of accumulating systematic empirical information on the users and uses of video teleconferencing, the authors present the findings of a pilot study of AT&T's Picturephone Meeting Service. They then set out preliminary conclusions that may be drawn from those findings....