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unification. In particular, we deduce an Equivalent Variation measure from a logarithmic demand function and a budget constraint …
Persistent link: https://www.econbiz.de/10013024447
increasing demand of bricks. But, in most cases, this industry uses inefficient and dirty technology that causes environmental …) under neoclassical partial equilibrium demand & supply theory. It further analyzes the reasons of disparity between social …
Persistent link: https://www.econbiz.de/10014237169
We introduce a Bayesian instrumental variable procedure with spatial random effects that handles endogeneity, and spatial dependence with unobserved heterogeneity. We find through a limited Monte Carlo experiment that our proposal works well in terms of point estimates and prediction. Then, we...
Persistent link: https://www.econbiz.de/10013015657
The study develops a standard representative-agents’ New Keynesian model for macroeconomic analysis in a developing African economy. Using Bayesian estimation techniques and Ghanaian dataset, the core objective of the paper is to determine the best suited monetary policy rule for Ghana. After...
Persistent link: https://www.econbiz.de/10014092518
future demand. Possibly, consumers in our model prefer a flat rate to a measured tariff, even though this choice does not … are strong variations in demand. Moreover, we analyze the optimal nonlinear tariff. This tariff has a large flat part when …
Persistent link: https://www.econbiz.de/10014184126
The paper begins with a discussion of how quality considerations manifest themselves in consumer choice. The concept of latent separability is used to develop a utility structure for quality-differentiated goods, one consistent with the principle of vertical product differentiation and one that...
Persistent link: https://www.econbiz.de/10014137289
We investigate the relationship between centralized and decentralized collective demand models applied to consumption … individual preferences affect the relationship between centralized and decentralized demand …
Persistent link: https://www.econbiz.de/10013024790
demand. The optimal tariff is a flat rate if marginal cost of production is low compared to a consumer’s degree of loss … aversion and if there is enough variation in the consumer’s demand. Moreover, if consumers differ with respect to the degree of …-Rate Tariffs ; Nonlinear Pricing ; Uncertain Demand …
Persistent link: https://www.econbiz.de/10003987825
demand. The optimal tariff is a flat rate if marginal cost of production is low compared to a consumers degree of loss … aversion and if there is enough variation in the consumers demand. Moreover, if consumers differ with respect to the degree of …-Rate Tariffs ; Nonlinear Pricing ; Uncertain Demand …
Persistent link: https://www.econbiz.de/10009236785
and expenditure elasticities ; aggregation bias ; consumer demand ; generalized measures of income inequality ; income …
Persistent link: https://www.econbiz.de/10009315516