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derivation builds a permanent income type consumption demand that corresponds to a consumption theory that depends on current …-AD explanation of the business cycle that is consistent with the primary features of the RBC literature and consumption theory. …
Persistent link: https://www.econbiz.de/10010494535
contributes to the emerging field of media economics by studying how the demand side of the media market affects news production … coverage is likely to dominate positive news stories because of demand side effects. …
Persistent link: https://www.econbiz.de/10010313372
In the present paper we examine the German cinema market using time series data of 49 years. Applying estimation … demand for movies per inhabitant. Furthermore, we test for the long run relationship and evaluate the elasticities of demand …
Persistent link: https://www.econbiz.de/10010302262
rate. The supply of high-skilled workers more than doubled during this period, contributing significantly to the slowdown …. Polarization of employment demand is the more credible explanation for the more recent evolution. As in other developed economies …
Persistent link: https://www.econbiz.de/10010269614
. Demand by the auctioneer is uncertain as in the supply function equilibrium model. A closed form expression is derived …. Existence of an equilibrium is ensured if the hazard rate of the perfectly inelastic demand is monotonically decreasing and …'s demand exceeds suppliers' capacity with a positive probability. The derived equilibrium can be used to model strategic …
Persistent link: https://www.econbiz.de/10010320254
, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most …In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction … elegantly be modelled as the pure-strategy, Nash Equilibrium of continuous supply functions, in which each supplier has a unique …
Persistent link: https://www.econbiz.de/10010320261
relationships are found and identified as export supply and demand. Overidentifying restrictions derived from economic theory are …A shortcoming of most empirical studies on aggregate exports is their exclusive focus on the demand side. Moreover, the … effect of globalization is often neglected leading to implausibly high income elasticities. This paper models export demand …
Persistent link: https://www.econbiz.de/10010260491
, and to offset their weaknesses by purchasing adequate goods on the market. Absent trade, people must allocate their time …
Persistent link: https://www.econbiz.de/10010262480
rematched traders and minimal imbalances (m = n +- 1) in three market institutions. In the standard continuous double auction …
Persistent link: https://www.econbiz.de/10010288168
framework to formalize a theory that the variety and the functioning of markets reflect the status of national income. In the … submarkets upon entry to a frictional market. Consequently, income inequality determines the dispersion of equilibrium trading …
Persistent link: https://www.econbiz.de/10010290424