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The substitution of capital for labor and new labor-saving technologies has reduced the labor required for farming, yet … substitution between hired and family labor. The results provide little evidence to support the popular homogeneity assumption and …
Persistent link: https://www.econbiz.de/10011142827
A unified growth model is presented in which productivity growth is driven by learning-by-doing. We show that the growth rate of productivity is an increasing function of the share of capital. It is assumed that the industrial sector has a higher capital share than the agricultural sector and...
Persistent link: https://www.econbiz.de/10011107679
. Knowledge of the true demand rates and substitution rates is important for the retailer for a variety of category management … estimated substitution rates can also be used to infer patterns of competition between items in the category. In this paper we … propose methods to estimate demand rates and substitution rates in such contexts. We develop a model of customer arrivals and …
Persistent link: https://www.econbiz.de/10008787827
stockout of individual items into three effects—lost own sales, substitution to other items, and the category sales impact …
Persistent link: https://www.econbiz.de/10008788228
We assess the impact of the existence of a costly energy substitute (like wind, solar) for a non-renewable resource (like oil, coal) on the sustainability of consumption. The prospects for sustainability depend crucially on the costs of this substitute. If one can reduce the costs of the...
Persistent link: https://www.econbiz.de/10008793671
Dans cet article, nous montrons comment il est possible d'améliorer la méthodologie de l'économétrie du portefeuille en transposant les résultats de la théorie du consommateur à la théorie du portefeuille. Nous montrons la totalité des propriétés des demandes d'actifs financiers par...
Persistent link: https://www.econbiz.de/10008793948
européennes permet d’obtenir un effet de substitution (coefficient significativement négatif) de cette variable et un meilleur …’effet de substitution du cours boursier européen, font ressortir un excès de liquidité modéré mais persistant dans la zone euro. … into account. However, by including European share prices, we obtain a substitution effect (significantly negative …
Persistent link: https://www.econbiz.de/10008800016
In the consumer’s theory, a crucial problem is to determine the substitution effect and the revenue effect in the case …
Persistent link: https://www.econbiz.de/10008800380
. China must prevent an excessive escalation of its economy and resultant energy demand to realise a meaningful substitution …
Persistent link: https://www.econbiz.de/10010597327
In the consumer’s theory, a crucial problem is to determine the substitution effect and the revenue effect in the case …
Persistent link: https://www.econbiz.de/10010553458