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Chinese consumers’ choices among meat stores are examined through a model that can capture consumer heterogeneities both in their opinion of various store attributes and in how much weight they attach to each attribute. This approach not only informs store managers as to what attributes...
Persistent link: https://www.econbiz.de/10008543697
policies across countries. However, the unobserved components of heterogeneity also play a central role in the observed …
Persistent link: https://www.econbiz.de/10008544131
results indicate both substantial labour supply responsiveness among elderly, and heterogeneity with respect to preferences …
Persistent link: https://www.econbiz.de/10008545790
This paper presents an analytically tractable continuous-time general equilibrium model with investment irreversibility and fixed adjustment costs. In the model, there is a continuum of firms that are subject to idiosyncratic shocks to capital. Although the presence of investment frictions...
Persistent link: https://www.econbiz.de/10008545856
Systematic variations in health and illness among social groups have persisted and, in some cases increased, in many countries in spite of improvements in the availability of, and access to, health care services. Health policy makers have responded by showing increasing interest in non-clinical...
Persistent link: https://www.econbiz.de/10008549398
Persistent link: https://www.econbiz.de/10008550173
This paper presents a dynamic competitive equilibrium model with heterogeneous time pref- erences that can account for the observed patterns of wealth and income inequality in the United States. This model generalizes the standard neoclassical growth model by including (i) a demand for status by...
Persistent link: https://www.econbiz.de/10008489511
a highly significant negative impact of the matchup's heterogeneity on joint teame efforts. However, further analysis …
Persistent link: https://www.econbiz.de/10008490450
heterogeneity. As is well known, heterogeneity in time preference results in substantial inequality. This paper shows that, even if … heterogeneous households are equally and indefinitely satisfied, and heterogeneity is sustainable on this path. The existence of a … by relying only on markets. Sustainable heterogeneity is politically fragile and requires rational―not unconditional …
Persistent link: https://www.econbiz.de/10008493034
Firm-level regressions show that Champagne producers that receive better ratings from wine guides also export to more markets, charge higher prices, and sell more in each market. Our method corrects for a severe selection bias predicted by the model. By using direct measures of quality, we can...
Persistent link: https://www.econbiz.de/10008493420