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Measuring real value and inflation
Hillinger, Claude - 2007
derive these measures are largely unsatisfactory. The axiomatic theory of indexes does not make clear which economic problem …. For example, the theory of the CPI is usually developed for a single consumer with homothetic preferences and then applied … to a large aggregate of diverse consumers with non-homothetic preferences. In this paper I develop a unitary theory that …
Persistent link: https://www.econbiz.de/10010427498
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Accidents, liability obligations and monopolized markets for spare parts: profits and social welfare
Baake, Pio - 2008
We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the … external effect inasmuch as liability obligations imply that consumers of competing products have to pay the high prices as …
Persistent link: https://www.econbiz.de/10010265005
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Dealing with Excessive Off-label Drug Use: Liability vs. Patent Prolongation
Felder, Stefan; Olbrich, Anja - 2009
reinforcement of physician liability for off-label use may be the preferred instrument for achieving dynamic efficiency. The … liability threat reduces the demand for off-label use, giving manufacturers an appropriate incentive to invest in extended …
Persistent link: https://www.econbiz.de/10010265794
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The economics of credence goods: on the role of liability, verifiability, reputation and competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …
Persistent link: https://www.econbiz.de/10010271236
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The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …
Persistent link: https://www.econbiz.de/10010294835
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The Value of Pain Relief
Furnée, Carina; Kemler, Marius; Pfann, Gerard A. - 2001
This paper measures the value of functional capacity improvement from electronic pain treatment among a sample of Dutch workers with peripheral nerve injuries. Randomized clinical trial data and individual medical records from injured workers are compared with administrative data of healthy...
Persistent link: https://www.econbiz.de/10010262518
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Earnings Losses After Non-employment Increase With Age
Zwick, Thomas - 2008
This paper shows that earnings losses after unemployment increase with age. First, older employees start out with relatively high earnings in comparison to employees without employment interruptions several years before the non-employment spell. This earnings advantage turns into a strong...
Persistent link: https://www.econbiz.de/10010298052
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Earnings losses and labor mobility over the lifecycle
Jung, Philip; Kuhn, Nikolas Moritz - 2012
Extensive literature demonstrates that workers with high tenure suffer large and persistent earnings losses when they are displaced. We study the reasons behind these losses in a tractable search model that includes a lifecycle dimension, endogenous job mobility, and worker- and...
Persistent link: https://www.econbiz.de/10010290018
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Consumer price adjustment under the microscope: Germany in a period of low inflation
Hoffmann, Johannes; Kurz-Kim, Jeong-Ryeol - 2006
We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price data from the German Consumer Price Index that covers the years 1998 to 2003. We strong find evidence of time- and statedependent price adjustment. Most importantly, the...
Persistent link: https://www.econbiz.de/10011604698
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Consumer price behavior in Mexico under inflation targeting: A microdata approach
Ysusi, Carla - 2010
In this paper we do a statistical analysis of the Mexican Consumer Price Index microdata set to characterize the rigidities of the price setting process in the different sectors of the Mexican economy. The microdata set goes from July 2002 to December 2009. Broadly, results show that there...
Persistent link: https://www.econbiz.de/10010322593