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It is well known from time series analysis that shocks to aggregate output have very persistent effects. This paper argues that the relation between the expected growth rate of a firm and its size\ provides a microfoundation for such aggregate persistence. The empirical evidence indicates that...
Persistent link: https://www.econbiz.de/10005475092
A model of an oligopolistic market with a homogeneous product is examined. Each subject of the model uses a conjecture about the market response to variations of its production volume. The conjecture value depends upon both the current total volume of production at the market and the subject's...
Persistent link: https://www.econbiz.de/10005775474
This paper gives an assessment of the relative strengths and weaknesses of a variety of economic approaches commonly used for cost estimates for limiting CO2 emissions, including the ad nod approach, the dynamic optimization approach, the input-output approach, the macroeconomic approach, the...
Persistent link: https://www.econbiz.de/10005474986
The findings in the recent energy economic literature that energy economic variables are non-stationary, heve led to an … implicit or explicit dismissal of the standard autoregressive distributed lag (ARDL) model in estimating energy demand … residential energy consumption, and the ARDL estimates are compared to the estimates obtained using cointegration techniques and …
Persistent link: https://www.econbiz.de/10005641339
This paper gives an assessment of the relative strengths and weaknesses of a variety of economic approaches commonly used for cost estimates for limiting CO2 emissions, including the ad nod approach, the dynamic optimization approach, the input-output approach, the macroeconomic approach, the...
Persistent link: https://www.econbiz.de/10005220625
Persistent link: https://www.econbiz.de/10005509849
Persistent link: https://www.econbiz.de/10005509879
Persistent link: https://www.econbiz.de/10005509896
A lifetime portfolio of risky and risk-free sexual activities is conceptually constructed in this paper. People's time allocation between risky and risk-free sexual activities affects, and is affected by, the prevalence of AIDS. A small satisfaction differential between risky sex and risk-free...
Persistent link: https://www.econbiz.de/10005515454
Hotelling's conceptual framework is expanded to incorporate the effects of a backstop technology on the planning horizon of the suppliers of an exhaustible resource and its price and quantity trajectories. It is shown that in the non-trivial case, the presence of a backstop technology shortens...
Persistent link: https://www.econbiz.de/10005515460