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Non-Parametric Demand Analysis with an Application to the Demand for Fish
Angrist, Joshua D. - 1995
Instrumental variables (IV) estimation of a demand equation using time series data is shown to produce a weighted … average derivative of heterogeneous potential demand functions. This result adapts recent work on the causal interpretation of … market in New York City to estimate an average elasticity of wholesale demand for fresh fish. The weighting function …
Persistent link: https://www.econbiz.de/10012473812
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Capital consumption and adjustment
Fabricant, Solomon - 1938
Persistent link: https://www.econbiz.de/10000563668
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Relative Wage Movements and the Distribution of Consumption
Attanasio, Orazio - 1994
We analyze how relative wage movements across birth cohorts and education groups during the 1980s affected the distribution of household consumption. The analysis integrates the labor economics literature on time variation in the wage structure with the consumption insurance literature. In...
Persistent link: https://www.econbiz.de/10012474148
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Substitution over Time in Work and Consumption
Hall, Robert E. - 1988
Sir John Hick's Value and Capital provided the theoretical foundation for an important element of modern macroeconomics. Intertemporal substitution - deferral or acceleration of economic activity in response to the real interest rate and other incentives - is the mechanism generally relied upon...
Persistent link: https://www.econbiz.de/10012476268
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A Test of Consumption Insurance
Cochrane, John H. - 1988
Are individuals effectively insured against idiosyncratic shocks to income or wealth by either formal or informal mechanisms? This paper shows that under perfect insurance, marginal utility should grow at the same rate for all consumers, and that the distribution of measured consumption growth...
Persistent link: https://www.econbiz.de/10012476422
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Consumption
Hall, Robert E. - 1987
Macroeconomic research on consumption has been influenced profoundly by rational expectations. First, rational expectations together with the hypothesis of constant expected real interest rates implies that consumption should evolve as a random walk. Much of the research of the past decade has...
Persistent link: https://www.econbiz.de/10012476803
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Consumption and Government-Budget Finance in a High-Deficit Economy
Leiderman, Leonardo - 1986
This paper characterizes empirically how government budget variables, such as spending, taxes, and deficits, affected private-sector consumption in the high-budget-deficit economy of Israel during the first half of the 1980s. The paper develops and estimates an intertemporal optimizing model of...
Persistent link: https://www.econbiz.de/10012477038
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Life-Cycle Effects on Consumption and Retirement
Hamermesh, Daniel S. - 1982
people's lifetime demand for leisure. The implied small increase in lifetime income and the slight reduction in consumption …
Persistent link: https://www.econbiz.de/10012478129
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Consumption Correlatedness and Risk Measurement in Economies with Non trade Assets and Heterogeneous Information
Grossman, Sanford J. - 1981
The consumption beta theorem of Breeden makes the expected return on any asset a function only of its covariance with changes in aggregate consumption. It is shown that the theorem is more robust than was indicated by Breeden. The theorem obtains even if one deletes Breeden's assumptions that...
Persistent link: https://www.econbiz.de/10012478428
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Education : Consumption or Production
Lazear, Edward P. - 1975
amount by which an increase in wealth is caused by schooling as distinguished from the amount by which the demand for …
Persistent link: https://www.econbiz.de/10012479022