Titlebook: Behavioral Interactions, Markets, and Economic Dynamics; Topics in Behavioral Shinsuke Ikeda,Hideaki Kiyoshi Kato,Yoshiro Tsutsu Book 2016

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Imperialism with Reference to Syriaation is impeded by conspicuous consumption à la Corneo and Jeanne (J Public Econ 66:55–71, 1997a). Following the literature, social norms are given as either bandwagon type or snob type. I then show that when the economy is characterized by a bandwagon type social norm, capital accumulation exhibit

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Imperialism with Reference to Syria how they can generate persistent aggregate demand shortages. We obtain the conditions for persistent unemployment and temporary unemployment. Policy implications differ significantly between the two cases. A monetary expansion raises private consumption under temporary unemployment but not under pe

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https://doi.org/10.1057/9781403983664A quasi-luxury is defined as a good whose marginal rate of substitution is increasing in a utility index. Under certain conditions, it is indeed a luxury good. When current wealth holding falls short of (exceeds) long-run needs, luxury consumption is postponed more (less) easily than necessity consu

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Playing , at the Victoria Theatre in 1848,el time series data from market participants in both Japan and the United States 1989–1994 on their expectations, attitudes, and theories. Substantial variability within countries through time in these data and, notably, dramatic differences across countries in expectations were found. While no unam