19 research outputs found
Capital Gains and Losses and the Existence of a Steady State in Multisectoral Models with Induced Technological Progress
No full textShut down costs, borrowing from nature, and negative capital: A rejoinder to Professor Nuti
No full textWicksell's missing equation and Böhm-Bawerk's three causes of interest in a stationary state
No full text
The Effect of Better Information on Income Inequality
No full textInformation system, Income inequality, Risk sharing markets, D80, J24, J30,
PRICING SUPERIOR GOODS: UTILITY GENERATED BY SCARCITY
No full textWe discuss the pricing of a superior good based on its 'signalling value'. Our model and analysis offer a different explanation of why in China and some other Asian countries the prices of luxury goods are extremely expensive when they are first marketed, then fall dramatically and discontinuously afterwards, when marginal costs decline to below the critical point and the goods become more popular. Copyright 2005 Blackwell Publishing Ltd
