Search Results - subject:"elasticity of substitution"

Pensions, Savings and Housing: A Life-cycle Framework with Policy Simulations

Creedy, John; Gemmell, Norman; Scobie, Grant - Victoria Business School, Victoria University of Wellington - 2015

The objective of the paper is to explore the saving and consumption responses of a representative household to a range of policy interventions such as changes in taxes and pension settings. To achieve this, it develops a two-period life-cycle model. The representative household maximises...

Persistent link: https://www.econbiz.de/10011124509

Is There a Price Premium for Local Food? The Case of the Fresh Lettuce Market in Hawaii

Xu, Xun; Loke, Matthew K.; Leung, PingSun - In: Agricultural and Resource Economics Review 44 (2015) 1

â€œBuying localâ€ has become one of the most important trends in food marketing. Despite widespread public attention, the influence of the â€œlocalâ€ attribute on food prices is not well understood. We aim to begin to fill this gap in research by exploring the presence of a price...

Persistent link: https://www.econbiz.de/10011250171

"Direct Estimates of Food and Eating Production Function Parameters for 2004â€“12 Using an ATUS/CEX Synthetic Dataset"

Khitarishvili, Tamar; Avila, Fernando Rios; Kim, Kijong - Levy Economics Institute - 2015

This paper evaluates the presence of heterogeneity, by household type, in the elasticity of substitution between food … establish the presence of heterogeneity in the elasticity of substitution and in the intensity parameter. We find that the … elasticity of substitution is low for all household types. …

Persistent link: https://www.econbiz.de/10011252965

Crop diversification, economic performance and household behaviour Evidence from Vietnam

Nguyen, Huy - Agricultural Economics Society - AES - 2015

This study examines economic performance and household behaviour in multiple crop farming in Vietnam by measuring scale and scope economies, technical efficiency, and elasticities of substitution between inputs. The farming system in Vietnam is being transformed by integration between a set of...

Persistent link: https://www.econbiz.de/10011275767

Simultaneous Auctions of Imperfect Substitute Goods by Sellers of Different Reputations

Dellarocas, Chrysanthos - 2015

This paper studies settings where a number of sellers of different reputations for honesty simultaneously offer sealed-bid, second-price, single-unit auctions for imperfect substitute goods to unit-demand buyers. Among other applications, these settings can serve as an abstraction of large scale...

Persistent link: https://www.econbiz.de/10014047658

Substitute Arguments in Constitutional Law

Seidman, Louis Michael - 2015

In this article, I argue that that substitution is crucial to our practice of constitutional law. Of course, if one wished, one could easily extend the domain of substitution beyond these boundaries. Substitute arguments are an important aspect of law more generally and, indeed, of life. I have...

Persistent link: https://www.econbiz.de/10013019329

Technical Change, Variable Elasticity of Substitution and Economic Growth

Gamlath, Sharmila - 2015

We incorporate a variable elasticity of substitution production function into an overlapping generations model à la …, which yield an elasticity of substitution below 1, the economy could either fall into a poverty trap; or display two steady … crucial determinant of the economy's growth dynamics. For positive values of this parameter, which lead to an elasticity of …

Persistent link: https://www.econbiz.de/10013026610

Are Armington Elasticities Different Across Countries and Sectors?

Olekseyuk, Zoryana - 2015

CGE models are widely used for policy evaluation and impact analysis especially with respect to trade reforms, tax reforms, energy sector reform and development policy analysis. However, the results of such models are often argued to be sensitive to the choice of exogenous parameters such as...

Persistent link: https://www.econbiz.de/10013028490

A Robust Approach to Risk Aversion : Disentangling Risk Aversion and Elasticity of Substitution without Giving Up Preference Monotonicity

Bommier, Antoine - 2015

We formalize the notion of monotonicity with respect to first-order stochastic dominance in the context of preferences defined over the set of temporal lotteries. It is shown that the only Kreps and Porteus (1978) preferences which are both stationary and monotone are Uzawa preferences and...

Persistent link: https://www.econbiz.de/10013034442

Oligopolistic vs. monopolistic competition : do intersectoral effects matter?

Aspremont, Claude d'; Dos Santos Ferreira, Rodolphe - 2015

Persistent link: https://www.econbiz.de/10010484025