Search Results - subject:"elasticity of substitution"

Substitution between public and private consumption in Australian states

Brown, Anna; Wells, Graeme - 2008

Persistent link: https://www.econbiz.de/10003959772

Imperfect Substitution between Immigrants and Natives : A Reappraisal

Borjas, George J. - 2008

In a recent paper, Ottaviano and Peri (2007a) report evidence that immigrant and native workers are not perfect substitutes within narrowly defined skill groups. The resulting complementarities have important policy implications because immigration may then raise the wage of many native-born...

Persistent link: https://www.econbiz.de/10012772318

International Trade in Durable Goods : Understanding Volatility, Cyclicality, and Elasticities

Engel, Charles - 2008

short run elasticity of substitution is low. We note that durable consumption also has implications for the appropriate …

Persistent link: https://www.econbiz.de/10012772731

Panel Data Estimates Of The Production Function And Product And Labor Market Imperfections

Dobbelaere, Sabien - 2008

Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...

Persistent link: https://www.econbiz.de/10012464671

Can Weak Substitution be Rehabilitated?

Smith, V. Kerry - 2008

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/10012464744

Imperfect Substitution between Immigrants and Natives : A Reappraisal

Borjas, George J. - 2008

Persistent link: https://www.econbiz.de/10012464759

International Trade in Durable Goods : Understanding Volatility, Cyclicality, and Elasticities

Engel, Charles - 2008

short run elasticity of substitution is low. We note that durable consumption also has implications for the appropriate …

Persistent link: https://www.econbiz.de/10012464833

Trade Elasticity of Substitution and Equilibrium Dynamics

Bodenstein, Martin - 2008

, recent contributions in international macroeconomics suggest that low (implied) values of the trade elasticity of … standard model of the international business cycle displays multiple locally isolated equilibria if the trade elasticity of … substitution may play an important role in understanding the disconnect between international prices and real variables. However, a …

Persistent link: https://www.econbiz.de/10012723786

Sorting and Decentralized Price Competition

Eeckhout, Jan - 2008

We investigate under which conditions price competition in a market with matching frictions leads to sorting of buyers and sellers. Positive assortative matching obtains only if there is a high enough degree of complementarity between buyer and seller types. The relevant condition is...

Persistent link: https://www.econbiz.de/10012724169

Native Welfare Losses from High Skilled Immigration

Kemnitz, Alexander - 2008

This paper explores the effects of high skilled immigration to a host country with unionized low skilled labor and an unemployment insurance scheme. We show that such immigration can create a negative immigration surplus due to adverse effects on low skilled employment, provided that the...

Persistent link: https://www.econbiz.de/10012724259