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The paper shows how aggregate AS-AD can be derived within the standard neoclassical dynamic setting known as the Ramsey-Cass- Koopmans (RCK) model. AS-AD is the stationary equilibrium of the deterministic dynamic general equilibrium framework. The derivation builds a permanent income type...
Persistent link: https://www.econbiz.de/10010494535
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Die Preise für wissenschaftliche, technische und medizinische (WTM) Fachzeitschriften sind in den letzten 20 Jahren dramatisch gestiegen. Die unterschiedlichen Preisentwicklungen zwischen kommerziellen und nichtkommerziellen Verlagen ist dabei nicht durch unterschiedliche Kostenentwicklungen zu...
Persistent link: https://www.econbiz.de/10010377726
We investigate the impact of exogenous local conditions which favour high market concentration on supply, price and … supply capacity as a market outcome alongside price and quality; (ii) taking account of the chain structure of care home … supply and differences between the nursing home and residential care home sectors; (iii) introducing a new econometric …
Persistent link: https://www.econbiz.de/10012388801
Previous empirical investigations provide evidence of substantial regional variation in the supply elasticity of … regulatory supply constraints, city level population, population density, and geographic constraints. This paper studies … indicating that the supply elasticity is largely a local phenomenon, i.e., dependent mainly on city specific factors rather than …
Persistent link: https://www.econbiz.de/10012503045
Formulating a model which summarises transportation costs, uncertainty and price, we describe how a switch to ICT …
Persistent link: https://www.econbiz.de/10010265246
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This paper provides estimates of price-marginal cost ratios or markups for 50 sectors in 8 euro area countries and the …
Persistent link: https://www.econbiz.de/10011604902
This paper estimates forward-looking and forecast-based Taylor rules for France, Germany, Italy, as well as the euro area, using both final revised data and real-time data. We are particularly interested in the impact of adding asset prices to the standard Taylor rule specification. Since...
Persistent link: https://www.econbiz.de/10010296350