Showing 1 - 10 of 1,852
mean of individual elasticities. The difference depends on the heterogeneity of the population and is quantified by a …
Persistent link: https://www.econbiz.de/10010264907
Persistent link: https://www.econbiz.de/10010345859
Persistent link: https://www.econbiz.de/10012819304
. Chronic health conditions therefore increase in poor economic times. There is considerable spatial heterogeneity across local …
Persistent link: https://www.econbiz.de/10012198316
heterogeneity in revealed preferences.) Actual trade in the constructed economies using a tatonnement market institution closely …
Persistent link: https://www.econbiz.de/10011758295
This chapter covers recent solutions to aggregation problems in three application areas: consumer demand analysis …, consumption growth and wealth, and labor participation and wages. Each area involves treatment of heterogeneity and nonlinearity … at the individual level. Three types of heterogeneity are highlighted: heterogeneity in individual tastes, heterogeneity …
Persistent link: https://www.econbiz.de/10014024947
We put forward a brand choice model with unobserved heterogeneity that concerns responsiveness to marketing efforts. We … choice models that account for various forms of heterogeneity for three different datasets, we find better face validity for …
Persistent link: https://www.econbiz.de/10010421291
We put forward a brand choice model with unobserved heterogeneity that concerns responsiveness to marketing efforts. We … choice models that account for various forms of heterogeneity for three different datasets, we find better face validity for …
Persistent link: https://www.econbiz.de/10010336207
We present a dynamic general equilibrium model with agency costs, where heterogeneous firms choose among two alternative instruments of external finance - corporate bonds and bank loans. We characterize the financing choice of firms and the endogenous financial structure of the economy. The...
Persistent link: https://www.econbiz.de/10011604593
This paper provides a cross-country comparison of life-cycle and business-cycle fluctuations in the dispersion of household-level wage innovations. We draw our inference from household panel data sets for the US, the UK, and Germany. First, we find that household characteristics explain about...
Persistent link: https://www.econbiz.de/10010271322