Search Results - subject:"elasticity of substitution"

Einav, Liran - 2012

We estimate the sensitivity of Internet retail purchasing to sales taxes using data from the eBay marketplace. Our first approach exploits the fact that seller locations are revealed only after buyers have expressed interest in an item by clicking on its listing. We use millions of location...

Persistent link: https://www.econbiz.de/10012460641

Non-homothetic growth models for the environmental Kuznets Curve

Schibayama, Katsuyuki; Fraser, Iain M. - 2012

, n determines the direction of environmental degradation, where n is the elasticity of substitution between consumption …

Persistent link: https://www.econbiz.de/10009533624

Can Weak Substitution Be Rehabilitated?

Smith, V. Kerry - 2012

This paper develops a graphical analysis and an analytical model that demonstrate how weak substitution can be used for non-market valuation. Both weak complementarity and weak substitution can be evaluated as restrictions that allow quantity or quality changes in non-market goods to be...

Persistent link: https://www.econbiz.de/10012755207

Life-Cycle Preferences Revisited

Bommier, Antoine - 2012

of substitution. Implications regarding the shape of the optimal consumption profiles are discussed … provide an interesting alternative to additive preferences, allowing to separate risk aversion from intertemporal elasticity …

Persistent link: https://www.econbiz.de/10013096262

Flow and Stock Effects of Large-Scale Asset Purchases : Evidence on the Importance of Local Supply

D'Amico, Stefania - 2012

The Federal Reserve's 2009 program to purchase $300 billion of U.S. Treasury securities represented an unprecedented intervention in the Treasury market and provides a natural experiment with the potential to shed light on the price elasticities of Treasuries and theories of supply effects in...

Persistent link: https://www.econbiz.de/10013096284

Micro Data and Macro Technology

Oberfield, Ezra - 2012

elasticity of substitution between capital and labor can be expressed as a simple function of plant level structural parameters … use plant level data from the Census of Manufactures to construct an aggregate elasticity of substitution for the …

Persistent link: https://www.econbiz.de/10013096560

The Decision to Import Capital Goods in India: Firms' Financial Factors Matter

Bas, Maria; Berthou, Antoine - In: The World Bank Economic Review 26 (2012) 3, pp. 486-513

Are financial constraints preventing firms from importing capital goods? Sourcing capital goods from foreign countries is costly and requires internal or external financial resources. A simple model of foreign technology adoption shows that credit constraints act as a barrier to importing...

Persistent link: https://www.econbiz.de/10015360662

Micro Data and the Macro Elasticity of Substitution

Oberfield, Ezra; Raval, Devesh - 2012

We estimate the aggregate elasticity of substitution between capital and labor in the US manufacturing sector. We show … that the aggregate elasticity of substitution can be expressed as a simple function of plant level structural parameters … Manufactures to construct a local elasticity of substitution at various levels of aggregation. Our approach does not assume the …

Persistent link: https://www.econbiz.de/10014171572

Estimating Intertemporal Elasticity of Substitution : The Case of Log-Linear Restrictions

Mao, Ching-sheng - 2012

Are linear regression models reliable in testing whether high expected real interest rates encourage current savings and deferred consumption? Here, a Monte Carlo test shows that a linear model yields a fairly accurate estimate and small standard error, but is highly susceptible to specification...

Persistent link: https://www.econbiz.de/10013102502

Characterization of equilibrium paths in a two-sector economy with CES production functions and sector-specific externality

Matsuo, Miki; Nishimura, Kazuo; Sakagami, Tomoya; … - In: International trade and economic dynamics : essays in …, (pp. 421-431). 2008

Persistent link: https://www.econbiz.de/10003761257