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Identifying the effect of parental incomes on child outcomes is difficult due to the correlation of unobserved ability, education levels and income. Previous research has relied on the use of instrumental variables to identify the effect of a change in household income on the young adult...
Persistent link: https://www.econbiz.de/10005859635
preference learning thatcan inform the construction of alternative notions of dynamic well-being. Based on theassumption that …
Persistent link: https://www.econbiz.de/10009138615
In der WTO-Agrarhandelsrunde von Doha geht es neben dem Abbau von Exportsubventionen und der Abschaffung von Marktzugangsbeschränkungen auch um die weitere Reduktion von internen Subventionen, die als produktions- und damit handelsverzerrend eingestuft sind. Eine Gruppe von Ländern, darunter...
Persistent link: https://www.econbiz.de/10009302576
overview of theory and empirical research on the relation between entrepreneurship, innovation and economic growth. The paper …What is meant by entrepreneurship, innovation and economic growth is often not clear or very idiosyncratic. This paper … starts with a discussion of the nature of entrepreneurship and its relation to innovation. The second section provides an …
Persistent link: https://www.econbiz.de/10005864511
notion of creative learning agents who bring about novelty. We argue that apart fromthe challenges it poses for positive …
Persistent link: https://www.econbiz.de/10005867738
This paper presents simple conditions for monopoly third-degree price discrimination to have negative or positive e¤ectson aggregate consumer surplus. Consumer surplus is often re-duced by discrimination, for example when total welfare (con-sumer surplus and pro…ts) falls. Surplus increases...
Persistent link: https://www.econbiz.de/10005870117
We propose a framework for analyzing transformations of demand. Such transformations frequently stem from changes in the dispersion of consumers` valuations, which lead to rotations of the demand curve. In a wide variety of settings, profits are a U-shaped function of dispersion. A high level of...
Persistent link: https://www.econbiz.de/10005870200
Firms selling multiple quality-differentiated products frequently alter theirproduct lines when a competitor enters the market. We present a model of multiproductmonopoly and duopoly using a general “upgrades” approach that yields a powerfulanalytical framework. We provide a simple...
Persistent link: https://www.econbiz.de/10005870254
This paper measures the extent to which prices exceed marginal costs in the U.S. natural gas distributionmarket during the period 1991-2007. We find large departures from marginal cost pricing in all 50states, with residential and commercial customers facing average markups of over 40%. Based...
Persistent link: https://www.econbiz.de/10005870321
This paper explores the macroeconomic consequences of preferences displaying asubsistence point. It departs from the existing related literature by assuming thatsubsistence points are specific to each variety of goods rather than to the compositeconsumption good. We show that this simple feature...
Persistent link: https://www.econbiz.de/10009138472