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Elasticities of Substitution in Real Business Cycle Models with Home Production.

Campbell, J.Y.; Ludvigson, S. - Harvard Institute of Economic Research (HIER), … - 2000

elasticity of substitution in market consumption (IES) and the static elasticity of substitution between home and market … consumption (SES). Understanding this connection is important because there is a large body of empirical evidence suggesting that …

Persistent link: https://www.econbiz.de/10005245628

Behavioural Heterogeneity and the Income Effect.

Calvet, L.E.; Comon, E. - Harvard Institute of Economic Research (HIER), … - 2000

Inspired by the recent literature on aggregation theory, this paper introduces HITS, a semiparametric model of consumer demand that allows for diversity in tastes. The strong variation of budget shares observed aacross income strata can arise from two economic factors: the individual income...

Persistent link: https://www.econbiz.de/10005245641

A Logit Model of Laudry Detergent Brand Choice in Melbourne.

Fry, T.R.L.; Longmire, R. - Department of Econometrics and Business Statistics, … - 1996

The Consumer Panel of Australia data collected by the Roy Morgan Research Centre is used to investigate the determinantes of brand choice behavior in the laundry detergent market.

Persistent link: https://www.econbiz.de/10005087590

A Model of Price Promotions with Consumer Search.

Banks, J.; Moorthy, S. - William E. Simon Graduate School of Business … - 1994

Persistent link: https://www.econbiz.de/10005669643

"Inequality when People Produce Best what they Consume".

Ranjan, P.; Glazer, A. - California Irvine - School of Social Sciences - 1999

We consider a model with two types of consumers, with each preferring a different variety of goods, and with each better at producing the type of good it prefers to consume. We find that under plausible conditions members of the majority group earn a higher wage and enjoy higher utility than...

Persistent link: https://www.econbiz.de/10005671609

An Application of of the Catastrophe Theory in General Equilibrium Theory.

Accinelli, E.; Puchet, M. - 1996

The aim of this paper is to characterise the set of non regular economies, when there is a finite number of consumers with either finite or infinitely many goods. We prove that the structure of the equilibrium set is the same in both cases and that there exist bifurcations in some of these models.

Persistent link: https://www.econbiz.de/10005672106

Endogeneizing Switching Costs: Mix and Match in a Dynamic Framework.

Marinoso, B.G. - School of Economics, University of East Anglia - 1998

This paper analyses how sequential purchase of the different components assembled in some consumption good affects firm …

Persistent link: https://www.econbiz.de/10005781018

Heterogeneity Blases, Distributional Effects and Aggregate Consumption: an Empirical Analysis Using Stratified Micro-Data.

Fortin, N.M. - Département de Sciences Économiques, Université de … - 1991

Persistent link: https://www.econbiz.de/10005729699

Measuring Consumer Surplus with Unknown Hicksian Demands.

Irvine, L.J.; Sims, W.A. - School of Economics, Faculty of Arts and Social Sciences - 1995

Persistent link: https://www.econbiz.de/10005775671

Modelling Aggregate Consumption Expenditure and Income Distribution Effects

Hildenbrand, W; Kneip, A - Catholique de Louvain - Institut de statistique - 1996

The paper is about the economic modelling of aggregate consumption expenditure with particular emphasis on the … stability") we shall derive a first order approximation for the change in the aggregate consumption ratio. This approximation … allows to analyze whether and how the distribution effect on income affects the aggregate consumption ratio. …

Persistent link: https://www.econbiz.de/10005776106

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