This paper derives the relations between the coefficient of absolute prudence, the equivalent precautionary premium, risk aversion to concentration, and the normality and shift of current consumption ...

This article presents a dynamic demand model for motor vehicles. This approach accounts for the change in the mix of consumers over the model year and measures consumers' substitution patterns across ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

Citations: Vissing-Jorgensen, Annette. 2002. Limited Stock Market Participation and the Elasticity of Intertemporal Substitution. Journal of Political Economy. (4)825-853.

One of the biggest political issues in Japan is an increase in the rate of value added tax (VAT). In this paper, we evaluate its impact on household expenditure, using Japan's April 1997 VAT rate ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Intertemporal choice is an economic ...

Citations: Vissing-Jorgensen, Annette, Orazio Attanasio. 2003. Stock Market Participation, Intertemporal Substitution and Risk Aversion. American Economic Review ...

2019 AUG 19 (NewsRx) -- By a News Reporter-Staff News Editor at Politics, Law & Government Daily-- Fresh data on Economics - Public Economics are presented in a new report. According to news reporting ...