Showing 1 - 10 of 79
We develop a model of household demand for frequently purchased consumer goods that are branded, storable and subject to stochastic price fluctuations. Our framework accounts for how inventories and expectations of future prices affect current period purchase decisions. We estimate our model...
Persistent link: https://www.econbiz.de/10010988424
A common problem in estimation of discrete choice models is that the complete choice set is very large.  A good example is supermarket consumer goods, like breakfast cereal where there are often a hundred or more varieties (SKUs or UPCs) to choose from.  In that case, estimation of complex...
Persistent link: https://www.econbiz.de/10011004228
I examine the effect of labor income taxation in life-cycle models where work experience builds human capital.  In this case, the wage no longer equals the opportunity cost of time - which is, instead, the wage plus returns to work experience.  This has a number of interesting consequences. ...
Persistent link: https://www.econbiz.de/10011004273
The size of adverse selection and moral hazard effects in health insurance markets has important policy implications.  For example, if adverse selection effects are small while moral hazard effects are large, conventional remedies for inefficiencies created by adverse selection (e.g., mandatory...
Persistent link: https://www.econbiz.de/10011004305
One of the core goals of a universal health care system is to eliminate discrimination on the basis of socioeconomic status.  We test for discrimination using patient waiting times for non-emergency treatment in public hospitals.  Waiting time should reflect patients' clinical need with...
Persistent link: https://www.econbiz.de/10011004320
The allocation of children's time among different activities may be important for their cognitive and non-cognitive development.  In our work we exploit time use diaries from the Longitudinal Study of Australian Children to study the effect of time allocation across a wide range of alternative...
Persistent link: https://www.econbiz.de/10011004408
This survey deals with an issue that is extremely important for a wide range of applied issues - the magnitude of aggregate labor supply responses to various changes in the economic environment.  In addition to being a very important issue, it is also well known to be quite controversial.  In...
Persistent link: https://www.econbiz.de/10011004435
Direct utilization of methanol in liquid tin anode solid oxide fuel cells has been experimentally demonstrated at 1023K. A Cu and SDC modified Sn anode solid oxide fuel cell had a maximum power density of 259.2mW/cm2 during operation on methanol. Carbon deposition was not observed in the Raman...
Persistent link: https://www.econbiz.de/10010930689
I highlight some of the key econometric problems facing the literature on FDI spillovers. For the most part, the existing literature takes the approach of estimating production functions in which the total factor productivity (TFP) of the domestic firms in a particular industry/country is...
Persistent link: https://www.econbiz.de/10011250912
This paper challenges the conventional wisdom that income and consumption inequality in Poland increased substantially following the economic transition in 1989–90. Using microdata from the 1985–92 Household Budget Surveys, we find that overall income inequality increased in 1989 but...
Persistent link: https://www.econbiz.de/10011259807