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We propose a life-cycle model of the housing market with a property ladder and a credit constraint. We focus on equilibria which replicate the facts that credit constraints delay some households' first home purchase and force other households to buy a home smaller than they would like. The model...
Persistent link: https://www.econbiz.de/10010343962
In this paper we investigate the demand for local public school expenditures in Sweden using survey data, a method … a different institutional setup. Estimating a linear demand specification, we find that demand is inelastic with respect …-linear demand specification indicates that the elasticities of demand for schooling are higher in Sweden than in the US. Testing the …
Persistent link: https://www.econbiz.de/10011571844
Earlier studies estimating the demand for local public services by means of the median voter model have typically … assumed exogenous regressors and static set-ups. Furthermore, the commonly used log-linear specification of the demand … rationalised by a Cobb-Douglas utility function. This implies that the log-linear specification of the demand function is valid as …
Persistent link: https://www.econbiz.de/10011589220
- and demand-oriented policy measures. In the recent years, an upsurge of interest has emerged especially within Europe in … demand-side approaches to innovation policy. In this study, we summarize the existing literature on demand …
Persistent link: https://www.econbiz.de/10011744091
Persistent link: https://www.econbiz.de/10000085690
Persistent link: https://www.econbiz.de/10014002457
by far the biggest market for German products. The paper estimates a structural equation for the export demand from the … systematically underestimates the export demand for data from 1999 onwards, indicating that German exports have greatly benefited …
Persistent link: https://www.econbiz.de/10011436195
This paper analyses the determination of match attendance in the German premier football league by applying models derived from Peel/Thomas (1992) and Janssens/Késenne (1987). Additionally we develop an improved version, where we incorporate the supporter clubs and the weather conditions as...
Persistent link: https://www.econbiz.de/10011443285
, demand for financial advise should be high in a bull market and low in a bear market. Thus, we test the hypothesis whether … the demand for business magazines is somehow related to the performance of the stock market. It turns out that the sales …
Persistent link: https://www.econbiz.de/10011445202