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Aged-beef has historically been available in high-end establishments, but investigation into consumer preferences for aging is increasingly important as it has become more readily available. Consumer perceptions of and willingness-to-pay (WTP) for aged-beef under two methods dry-aging and...
Persistent link: https://www.econbiz.de/10013328260
Persistent link: https://www.econbiz.de/10013352706
We suggest an alternative use of disaggregate information to forecast the aggregate variable of interest, that is to include disaggregate information or disaggregate variables in the aggregate model as opposed to first forecasting the disaggregate variables separately and then aggregating those...
Persistent link: https://www.econbiz.de/10011604635
The issue of technological unemployment receives perennial popular attention. Although there are previous empirical investigations that have focused on the relationship between innovation and employment, the originality of our approach lies in our choice of method. We focus on four 2-digit...
Persistent link: https://www.econbiz.de/10010266709
Consistent aggregation ensures that real GDP level and growth do not change as the existing GDP components are merely … rearranged. Otherwise, level or growth changes are spurious. This paper proposes a framework for consistent aggregation where … consistent in aggregation although the Fisher formula is inconsistent. Moreover, PPP implications on GDP measurement for some …
Persistent link: https://www.econbiz.de/10011421251
In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married couples account for a higher share of the population are less exposed to state-specific output shocks. Thus, marriages do not just improve the allocation of risk at the...
Persistent link: https://www.econbiz.de/10010294898
This paper studies the aggregate substitution and expansion effects triggered by changes in input prices, in a context where firms supply a homogenous commodity and compete in quantities à la Cournot. We derive a sufficient condition for the existence of a Cournot equilibrium and show that this...
Persistent link: https://www.econbiz.de/10010299963
to geographic aggregation. After reviewing the tradeoffs associated with more- and less-disaggregated analyses … of geographic aggregation. This analysis reveals that more-disaggregated analyses severely understate the extent to which …
Persistent link: https://www.econbiz.de/10010319534
Cyclically adjusted budget balance (CAB) is a widely cited and widely used concept in the evaluation of fiscal situations. The key idea behind it involves the identification of potential levels of economic variables. There are two recently used methods: the aggregate approach and the...
Persistent link: https://www.econbiz.de/10010322488
still remains significant at high levels of aggregation. Because the bias rises with disaggregation, findings of …
Persistent link: https://www.econbiz.de/10010369179