This paper empirically examines factors influencing consumers' evaluation and adoption intention of really new products. Combining construal level theory with literature on new product evaluation and adoption, we found an asymmetry in the conditional importance of benefit and cost, both as...

We consider estimating the variance of a general U-statistic when it is used as an unbiased estimator of the parameter of interesttheta=E(K) where K is the kernel function. Long established results demonstrate the asymptotic normality of U-statistics and their asymptotic variance under...

The bargaining process and its role in price discovery within the Pacific Northwest asparagus industry is analyzed using a general empirical bargaining model. Growers’ and processors’ inverse supply and demand functions define boundaries for the negotiated prices. OLS and Heckman’s two-stage...

This paper analyzes the evolution of inequality in Polandduring the economic transition that began in 1989?1990. Using microdatafrom the Household Budget Surveys, we find that, after a brief spike in1989, income and consumption inequality actually declined to belowpretransition levels during...

Conventional empirical models of monetary policy transmission in emerging market economies produce puzzling results: monetary tightening often leads to an increase in prices (the price puzzle) and depreciation of the currency (the FX puzzle). We show that incorporating forward-looking...

Poland undertook a rapid and decisive set of political and economic reforms starting in 1989-90, a period that has become known as the big bang. A widely held view is that, in all of the transition economies, the economic upheaval associated with the process of transition has led to substantial...

In general, most countries of the former Eastern bloc have experienced poor growth performance and large increases in income inequality during the transition process. The most obvious success story in the process of transition to date has been Poland, which has outstripped other transition...

This paper challenges the conventional wisdom that income and consumption inequality in Poland increased substantially following the economic transition in 1989–90. Using microdata from the 1985–92 Household Budget Surveys, we find that overall income inequality increased in 1989 but...