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Analyses of a large retail scanner price data set reveal a new and surprising regularity – small price increases occur more frequently than small price decreases for price changes of up to 10¢. That is, we find asymmetric price adjustment “in the small.” Furthermore, it turns out that...
Persistent link: https://www.econbiz.de/10012140646
revealed very good model fit over age in all four observations. Individual change of a trait is examined by Asendorpf's IS …
Persistent link: https://www.econbiz.de/10014544572
green attitude awareness in the young generation. Young generation has strong curiosity and has easier access on getting …
Persistent link: https://www.econbiz.de/10012703668
Cost cap tariffs are pay-per-use tariffs for which costs cannot exceed a predefined cost limit. They were recently introduced to telecommunications markets, but were previously also applied in the insurance industry as deductibles or in the rental industry as day rates. This paper develops and...
Persistent link: https://www.econbiz.de/10010435805
Transports certainly have positive economic and social effects. However, transports in general, and motor transports in particular play a significant role in environmental pollution, with a negative impact on the quality of life. In this article, we make a diagnosis on the contribution of...
Persistent link: https://www.econbiz.de/10011724773
There is a need to identify household debt behaviour in different age cohorts even in countries without prominent … test the effect of age and other variables on demand of debt. A national representative survey data of HIES (2001 …. This study contributed to existing literature by exploring the demand for debt in different age cohorts, taking into …
Persistent link: https://www.econbiz.de/10011988848
A dynamic model of the product lifecycle of (nearly) homogeneous durables in polypoly markets is established. It describes the concurrent evolution of the unit sales and price of durable goods. The theory is based on the idea that the sales dynamics is determined by a meeting process of demanded...
Persistent link: https://www.econbiz.de/10011327884
the lifecycle dynamics of the good. As a result the absolute unit sales of a generation exhibit a characteristic sales …
Persistent link: https://www.econbiz.de/10011331418
In diesem Jahr wurde der in Princeton lehrende, britisch-amerikanische Ökonom Angus Deaton mit dem Nobelpreis für Wirtschaftswissenschaften ausgezeichnet. Es werden damit - wie es in der offi ziellen Verlautbarung des Nobelpreiskomitees heißt - seine Analysen von Konsum, Armut und Wohlfahrt...
Persistent link: https://www.econbiz.de/10011404820
We address the following question: When can one person properly be said to be more delay averse than another? In reply, several (nested) comparison methods are developed. These methods yield a theory of delay aversion which parallels that of risk aversion. The applied strength of this theory is...
Persistent link: https://www.econbiz.de/10011599383