Konsumgüter durchlaufen verschiedene Transformations- und Transaktionsstufen, bevor sie den Verbraucher erreichen. Die Qualität der Güter bestimmt sich demzufolge aus den Qualitäten, die auf den einzelnen Stufen der Wertschöpfungskette erzielt werden. Die Qualitätssicherung entlang der...

Based on the recent trade models of the Heterogeneous Firms Trade (HFT) model and the Quality Heterogeneous Firms Trade (QHFT) model, we classify export goods (at the HS 6-digit level of disaggregation) by quality and price competition. We find a high proportions of quality-competition goods for...

We consider private good economies with single-peaked preferences. We show that the uniform rule is the only allocation rule satisfying omega-continuity, no-envy, and one-sided resource-monotonicity. This result strengthens a characterization of the uniform rule due to Thomson (Soc Choice Welf...

Author: Edward J. Anderson, Pär Holmberg and Andrew B. Philpott Keywords: Pay-as-bid Auction; Divisible Good Auction; Mixed Strategy Equilibria; Wholesale Electricity Markets Pages: 71 Published: November 24, 2009 JEL-codes: D43; D44; C72 Download Wp814.pdf (756 kB) Abstract Using the concept of...

Present-biased preferences cause distortions in consumption that can motivate the use of paternalistic in-kind transfers. Empirically, goods are consumed to different degrees when consumption outlay changes. Economists distinguish between necessary goods and luxury goods. A present-biased...

This paper evaluates the consequences of the integration of international asset markets when goods markets are characterized by price rigidities. Using an open economy general equilibrium model with volatility in the money markets, we show that such an integration is not universally beneficial....

This paper tests the broadly adopted assumption that people apply a single discount rate to the utility from different sources of consumption. Using unique data from two surveys conducted in rural Uganda including both hypothetical and real choices over different goods, the paper elicits time...

The authors examine the impact of the recent run-up in energy and non-energy commodity prices on the Canadian dollar. Using the Bank of Canadas' exchange rate equation, they find that the differences between the actual value of the Canadian exchange rate and the simulated values observed in 2007...