Reconsidering the Economics of Demand Analysis with Kinked Budget Constraints PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Reconsidering the Economics of Demand Analysis with Kinked Budget Constraints PDF full book. Access full book title Reconsidering the Economics of Demand Analysis with Kinked Budget Constraints by Aaron Strong. Download full books in PDF and EPUB format.
Author: Aaron Strong
Publisher:
ISBN:
Category : Consumer behavior
Languages : en
Pages : 56
Get Book Here
Book Description
This paper has two objectives. First, we identify a problem with the ability of the discrete-continuous choice (DCC) framework and conditional demand functions to fully describe consumer preferences in the presence of kinked budget constraints. Second, we propose and illustrate an alternative, preference based, method for estimating consumer responses to price changes under these conditions. Our preference based approach yields price elasticities on the order of 0.4 and a "utilities expenditure" elasticity of near unity. This research highlights the possibility that households may be more sensitive to price schedules than previously thought. It is recognizes commitments to commodities such as pools or outdoor landscaping influence how water consumption responds to price changes as part of the long run adjustments.
Author: Aaron Strong
Publisher:
ISBN:
Category : Consumer behavior
Languages : en
Pages : 56
Get Book Here
Book Description
This paper has two objectives. First, we identify a problem with the ability of the discrete-continuous choice (DCC) framework and conditional demand functions to fully describe consumer preferences in the presence of kinked budget constraints. Second, we propose and illustrate an alternative, preference based, method for estimating consumer responses to price changes under these conditions. Our preference based approach yields price elasticities on the order of 0.4 and a "utilities expenditure" elasticity of near unity. This research highlights the possibility that households may be more sensitive to price schedules than previously thought. It is recognizes commitments to commodities such as pools or outdoor landscaping influence how water consumption responds to price changes as part of the long run adjustments.
Author: Sharon B. Megdal
Publisher: CRC Press
ISBN: 0203597680
Category : Law
Languages : en
Pages : 306
Get Book Here
Book Description
This collection of papers examines water management in two of the worlds prominent, arid transboundary areas facing similar challenges. In the Middle East, the chronically water-short Israeli-Palestinian region has recognized the need both to conserve and supplement its traditional water sources. Across the globe on the North American continent, A
Author: Gonzalo Mejía
Publisher: Springer Science & Business Media
ISBN: 3642260047
Category : Technology & Engineering
Languages : en
Pages : 281
Get Book Here
Book Description
The book presents several highly selected cases in emerging countries where the production-logistics systems have been optimized or improved with the support of mathematical models. The book contains a selection of papers from the 5th International Conference on Production Research (ICPR) Americas 2010 held on July 21-23 in Bogotá, Colombia. The main topic of the conference was “Technologies in Logistics and Manufacturing for Small and Medium Enterprises” which is perfectly aligned with the realities of emerging countries. The book presents methodologies and case studies related to a wide variety of production/logistics systems such as diary production, auto parts, steel and iron production, and financial services. It is focused but not limited to Small/Medium Enterprises.
Author: W. D. Shaw
Publisher: Edward Elgar Publishing
ISBN: 1788973038
Category : Nature
Languages : en
Pages : 404
Get Book Here
Book Description
This second edition includes updated information and an exploration of water issues outside the United States, as well as a new application of behaviorial and experimental economics to the topic. A concise introduction to issues of water quality and quantity in both urban and agricultural settings, Water Resource Economics and Policy will be a valuable resource or text for students and researchers in the fields of agricultural economics, geography, law and hydrology. Those involved in water resource agencies and private utilities will also find the book a useful reference.
Author: Ariel Dinar
Publisher: Edward Elgar Publishing
ISBN: 1782549668
Category : Business & Economics
Languages : en
Pages : 541
Get Book Here
Book Description
Water scarcity, whether in the quality or quantity dimension, afflicts most countries. Decisions on water management and allocation over time, space, and among uses and users involve economic considerations. This Handbook assembles research that represents recent thinking and applications in water economics. The book chapters are written by leading scholars in the field who address issues related to its use, management, and value. The topics cover analytical methods, sectoral and intersectoral water issues, and issues associated with different sources of water.
Author: Geoffrey Alexander Jehle
Publisher:
ISBN: 9780321204530
Category : Economics, Mathematical
Languages : en
Pages : 543
Get Book Here
Book Description
This advanced economics text bridges the gap between familiarity with microeconomic theory and a solid grasp of the principles and methods of modern neoclassical microeconomic theory.
Author:
Publisher: World Bank Publications
ISBN: 9780195211238
Category : Political Science
Languages : en
Pages : 164
Get Book Here
Book Description
Assessing Aid determines that the effectiveness of aid is not decided by the amount received but rather the institutional and policy environment into which it is accepted. It examines how development assistance can be more effective at reducing global poverty and gives five mainrecommendations for making aid more effective: targeting financial aid to poor countries with good policies and strong economic management; providing policy-based aid to demonstrated reformers; using simpler instruments to transfer resources to countries with sound management; focusing projects oncreating and transmitting knowledge and capacity; and rethinking the internal incentives of aid agencies.
Author: Paul Anthony Samuelson
Publisher:
ISBN:
Category : Economics, Mathematical
Languages : en
Pages : 466
Get Book Here
Book Description
Author:
Publisher: Elsevier
ISBN: 0444633898
Category : Business & Economics
Languages : en
Pages : 749
Get Book Here
Book Description
Handbook of Behavioral Economics: Foundations and Applications presents the concepts and tools of behavioral economics. Its authors are all economists who share a belief that the objective of behavioral economics is to enrich, rather than to destroy or replace, standard economics. They provide authoritative perspectives on the value to economic inquiry of insights gained from psychology. Specific chapters in this first volume cover reference-dependent preferences, asset markets, household finance, corporate finance, public economics, industrial organization, and structural behavioural economics. This Handbook provides authoritative summaries by experts in respective subfields regarding where behavioral economics has been; what it has so far accomplished; and its promise for the future. This taking-stock is just what Behavioral Economics needs at this stage of its so-far successful career. - Helps academic and non-academic economists understand recent, rapid changes in theoretical and empirical advances within behavioral economics - Designed for economists already convinced of the benefits of behavioral economics and mainstream economists who feel threatened by new developments in behavioral economics - Written for those who wish to become quickly acquainted with behavioral economics
Author: Ernst R. Berndt
Publisher: University of Chicago Press
ISBN: 0226044319
Category : Business & Economics
Languages : en
Pages : 468
Get Book Here
Book Description
This volume contains papers presented at a conference in May 1988 in Washington, D.C., commemorating the fiftieth anniversary of the founding of the Conference on Research in Income and Wealth (CRIW). The call for papers emphasized assessments of broad topics in economic measurement, both conceptual and pragmatic. The organizers desired (and succeeded in obtaining) a mix of papers that, first, illustrate the range of measurement issues that economics as a science must confront and, second, mark major milestones of CRIW accomplishment. The papers concern prices and output (Griliches, Pieper, Triplett) and also the major productive inputs, capital (Hulten) and labor (Hamermesh). Measures of saving, the source of capital accumulation, are covered in one paper (Boskin); measuring productivity, the source of much of the growth in per capita income, is reviewed in another (Jorgenson). The use of economic data in economic policy analysis and in regulation are illustrated in a review of measures of tax burden (Atrostic and Nunns) and in an analysis of the data needed for environmental regulation (Russell and Smith); the adequacy of data for policy analysis is evaluated in a roundtable discussion (chapter 12) involving four distinguished policy analysts with extensive government experience in Washington and Ottawa.
