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Product Pricing when Demand Follows a Rule of Thumb
Matzke, Christina; Wirth, Benedikt - 2009
We analyze the strategic behavior of firms when demand is determined by a rule of thumb behavior of consumers. We assume consumer dynamics where individual consumers follow simple behavioral decision rules governed by imitation and habit as suggested in consumer research. On this basis, we...
Persistent link: https://www.econbiz.de/10010270001
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Household Saving and Full Consumption over the Life Cycle
Apps, Patricia; Rees, Ray - 2001
This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that is, we are interested in life cycle profiles of full...
Persistent link: https://www.econbiz.de/10010262485
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Cluster life cycles: dimensions and rationales of cluster development
Menzel, Max-Peter; Fornahl, Dirk - 2007
We present a model that explains how a cluster moves through a life cycle and why this movement differs from the industry life cycle. The model is based on three key processes: the changing heterogeneity in the cluster describes the movement of the cluster through the life cycle; the geographical...
Persistent link: https://www.econbiz.de/10010263831
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On the identification of Frisch labor supplies
Donni, Olivier - 2006
This paper examines how Frisch labor supplies, and other structural components of the intertemporal model of labor supply, can be recovered from estimates obtained with the approach developed by Heckman and MaCurdy.
Persistent link: https://www.econbiz.de/10010268034
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Life-cycle equilibrium unemployment
Chéron, Arnaud; Hairault, Jean-Olivier; Langot, François - 2008
This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their distance from deterministic retirement. A non age-directed search equilibrium is then typically featured by increasing (decreasing) firing (hiring) rates with age and a hump-shaped...
Persistent link: https://www.econbiz.de/10010268639
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Life-cycle, effort and academic deadwood
Chen, Yu-Fu - 2010
Persistent link: https://www.econbiz.de/10014306486
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Housing, portfolio choice, and the macroeconomcy
Silos, Pedro; Silos, Pedro - 2005
Much of the macroeconomics literature dealing with wealth distribution has become abstracted from modeling housing explicitly. This paper investigates the properties of the wealth distribution and the portfolio composition regarding housing and equity holdings and their relationship to...
Persistent link: https://www.econbiz.de/10010397707
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Market structure and market performance in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2011
We investigate the effect of market structure on market performance in the market for consumer electronics. This research is novel, because we exploit product life cycle information to build an instrumental variable for the number of firms in a market, a variable which hitherto had to be treated...
Persistent link: https://www.econbiz.de/10010307832
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Multiproduct competition, learning by doing and price-cost margins over the product life cycle: Evidence from the DRAM industry
Siebert, Ralph - 1999
Halbleiterindustrie. Zusätzlich berücksichtigen wir explizit die Dynamik über den Produktlebenszyklus. Unsere Ergebnisse zeigen, daß diese … zeigen, daß (ii) Lerneffekte, Skalenerträge und Spillovereffekte über den Produktlebenszyklus variieren. Lerneffekte sind am … Ende des Produktlebenszyklus größer, wenn neue Produkttechnologien entwickelt werden. Skalenerträge sind zunehmend und …
Persistent link: https://www.econbiz.de/10010330111
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Turbulence in high growth and declining industries
Baptista, Rui; Karaöz, Murat - 2007
We examine turbulence over the product life cycle using the lowest possible level of industry aggregation, allowing for the use of panel data to study the evolution of single product markets. We find that replacement of exiting firms by subsequent entry plays a primary role in generating...
Persistent link: https://www.econbiz.de/10010263805