منابع مشابه
Inferior Goods, Giffen Goods, and Shochu
According to a well-known result by W. Hildenbrand [6], if all consumers possess the same demand function and the density of the expenditure distribution is decreasing, than the average income effect term is non-negative even if inferior goods are present, so that the aggregate demand must be monotone. We show that if the expenditure density is uni-modal and a certain relation between the incom...
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This paper explores the causal link between income and fertility by analyzing women’s fertility response to the large and permanent income shock generated by a husband’s job displacement. I find that the shock reduces total fertility, suggesting that the causal effect of income on fertility is positive. A model that incorporates the time cost of children and assortative matching of spouses can ...
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E-commerce is growing rapidly and sales of digital goods represent a substantial portion of all online sales. Several goods such as music and books are now available in a physical and digital format. In a single-period case we compare pricing of digital vs. physical goods and derive an optimal pricing strategy for digital goods in both a general setting without a capacity constraint and a capac...
متن کاملPublic Goods
We require an economic system to cater to individual wants to the maximum possible extent expressed formally by means of an efficiency condition. Because the set of efficient outcomes is a function of individual preferences, a successful system must elicit information about those preferences. That desideratum, along with the fact that the information disclosed by an individual will be dictated ...
متن کاملInformation Goods vs. Industrial Goods: Cost Structure and Competition
W study markets for information goods and find that they differ significantly from markets for traditional industrial goods. Markets for information goods in which products are vertically differentiated lack the segmentation inherent in markets for industrial goods. As a result, a monopoly will offer only a single product. Competition leads to highly concentrated information-good markets, with ...
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ژورنال
عنوان ژورنال: Pacific Viewpoint
سال: 1994
ISSN: 0030-8978
DOI: 10.1111/apv.351004