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ABSTRACTConsumer spending typically declines during periods of economic distress, but observers have noted that lipstick purchases appear to increase during recessions, which is often referred to as the lipstick effect. However, the existence of such effect has remained empirically unconfirmed. Using weekly retail scanner data on lipstick sales from 2006 to 2016 in the United States, we applied a Panel Smooth Transition Regression (PSTR) demand model to test the relationship between economic distress and lipstick sales. This flexible demand specification allows regression coefficients to vary as a function of an exogenous macroeconomic variables and fluctuate asymmetrically, non-linearly, and time-varyingly across an unlimited number of regimes. Empirical results show the income elasticity of demand for lipstick decreased rapidly from 0.31 to 0.05 during the 2007–2009 recession, then slowly rebounded to 0.31 by the second quarter of 2014, thus first empirically confirming the existence of the lipstick effect. 相似文献
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Jesse Russell 《Applied economics》2013,45(32):4187-4197
It is difficult to pin down the factors that determine states’ choice of exchange rate regime because those very factors present a moving target. Many scholars have taken on the same question: what are the determinants of exchange rate regime choice? But as a group they have been unable to identify a stable answer. The reason for this is that the factors that best predict exchange rate regime vary dramatically across time. An explanation for this variation is offered: rational herding, or information cascades, can explain why one factor becomes prominent for a period of time then suddenly drops off and is replaced by a better predictor. 相似文献
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This paper aims to show the change in mindset, showing the shift from selling in 1950s to the marketing concept and societal marketing concept today. The value of the Service Profit Chain (SPC) is also considered and looks not only at the importance to the customers but also the employees to the success of a business in ultimately winning over the consumer. 相似文献
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We conjecture that an important driver of individual purchases of counterfeit products is cultural norms and values. To put this conjecture to an empirical test, we make use of the unique situation of Surinamese people who live in Suriname and in the Netherlands and who might share the same norms and values but certainly not their respective income levels and demographics. Holding newly collected data from surveys amongst Surinamese individuals in the Netherlands and in Suriname against a control group of Dutch individuals in the Netherlands, we present evidence that cultural norms are indeed a key driver for purchases of counterfeit products. Implications for policy are discussed. 相似文献
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This paper deals with the occurrence and spatial distribution of collaborations within biotechnology. By starting from a total population of 45 firms involved in biotech R&D, we shed light on how many collaborate with (1) other firms, (2) venture capitalists, and (3) actors in science and technology and whether these partners can be found in the region, nation or in the rest of the world. Possible explanations for the different patterns are drawn out. 相似文献
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Kepa M. Ormazabal 《European Journal of the History of Economic Thought》2013,20(1):91-126
The goal of this paper is to clarify the content of the Marshallian Law of Diminishing Marginal Utility. The paper is divided into seven sections. In the first one, I present the eight formulations of the Law that I record in the Principles and the foundation that Marshall provides for it. In the second and third sections, I present a couple of objections raised by Marshall himself against the universal validity of the Law; in my opinion, his answer to them is not sound. I contrast my interpretation with those of the other authors. In the fourth section, The Law of Utility is distinguised from the Law of Demand. In section five, l present the two meanings in which Marshall employs the term ‘utility’: as pleasure, and as a formal notion. In section six, I attempt to build an explanatory framework for the encountered difficulties. Finally, the seventh section is devoted to conclusions. 相似文献
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Liam A. Gallagher 《Applied economics》2013,45(7):933-944
The paper investigates the nature of Irish macroeconomic shocks and their correlation with German and UK shocks. A restricted VAR of real output and prices is employed to distinguish aggregate demand and supply shocks for the three countries. To identify the role of Irish exchange rate policy two periods are considered: the preERM period and the ERM period. The results indicate that while the change in exchange rate policy had an effect on the nature of demand and supply shocks, the ERM did not have the effect of increasing the correlation of Irish shocks with Germany or the UK. Evidence of substantial asymmetric shocks with Germany and the UK exist. Thus, Ireland as a member of the EMU faces increased cost of adjustment to asymmetric macroeconomic shocks. 相似文献
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How to best target and attract niche market consumers is an important marketing problem for producers of specialty agricultural products. It is particularly an issue in the honey market where consumers increasingly face media messages regarding threats to honey bee health, honey adulteration and health benefits of locally produced honey. Using auction experiments, this research evaluates consumer behaviour related to informational messages about honey that is produced locally, domestically and internationally. Results from 115 adult consumers show that consumers’ demand for honey varies significantly based on the geographic location of the honey’s production, product packaging and the information they have about the product. Consumers demonstrate greater demand for locally produced honey, especially when provided information about negative aspects of internationally produced honey that include adulteration. This shows that such negative media attention on specialty products offers small producers an opportunity to increase profitability by marketing themselves as a specialized niche alternative. 相似文献
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供应链战略联盟的信息共享研究——以零售业供应链为例 总被引:2,自引:3,他引:2
随着时代的发展和市场竞争的加剧,供应链中的某些企业不再单独作为供应链中的一个个体而存在,而是逐渐形成了供应链中的战略联盟,他们之间同时存在着竞争与合作。而随着供应链管理的研究深入,供应链企业间的信息共享变得越来越重要。虽然现代信息技术的发展为企业间的信息共享构建了必要的基础平台,但是依然存在着信息技术以外的原因影响企业间的信息共享。本文在总结前人工作的基础上,运用博弈论,以零售业供应链为例,分析了供应链战略联盟的企业间竞争与合作并存情况下的信息共享,并给出了实现信息共享的对策。 相似文献
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经济波动与消费结构变迁互动关系研究 总被引:2,自引:0,他引:2
文章利用1981-2006年中国实际经济数据,实证研究了经济波动与消费结构变迁的互动关系。研究发现,一是各类消费品价格易变性普遍大于产出,且以住房、家庭用品和交通为代表的耐用品价格波动普遍小于以食品为代表的非耐用品价格波动;而消费量的易变性则相反,这一波动特征事实普遍存在于发展中国家,而发达国家则相反。二是随着中国经济体制改革的深入,经济波动与居民消费结构变迁相互影响和促进,在经济环境发生重大变化的情况下,需要对消费需求进行有效的宏观调控。 相似文献
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Samuel Cameron 《Applied economics》2020,52(50):5516-5530
ABSTRACT This contribution adds to the economic literature on the market value of rarity in markets for cultural collectible goods by studying the price of rare audio recordings (chiefly vinyl) sold on the online marketplace Discogs. Community-based variables serve as proxies for (inverse) rarity and (potential) demand. Results show that the elasticity of price with respect to our measure of inverse rarity (demand) ranges between ?0.120 and ?0.140 (0.150 and 0.160). In addition, effects of hedonic characteristics such as the popularity or collectibility of an artist can be identified. Finally, the study provides evidence for premia for rarity at the top end of the distribution of prices. 相似文献
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价格离散、信息搜寻与团购行为 总被引:4,自引:0,他引:4
团购行为是当今消费行为学中的一个重要现象,源自市场和产品信息不对称的双重因素是导致消费者行为变化的根本原因。基于产品信息的价格函数模型,分析团购有利于消费者实现信息共享,减少搜寻成本,降低与企业间的信息不对称,减少消费行为的不确定性,从而获得更大的消费效用的结论。 相似文献
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Daniela Kletzan Angela Köppl Kurt Kratena Stefan Schleicher Michael Wüger 《Empirica》2002,29(2):131-144
Changes in consumption processes have been recognised as important steps towards sustainable development. The aim of this paper is to give an overview of research on sustainable consumption and to sketch new approaches in economic modelling ofsustainable consumption. A special focus is given to the relationship between stocks and flows as well as consumer services as being welfare relevant. From that three different steps of modelling are proposed, where the links between material goods demand and consumer services demand as well as the stock-flow relationship can be made explicit. 相似文献
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To explain participation in the undeclared economy, the conventional supply-side approach evaluates the reasons people work in this sphere. This article, for the first time in Central and Eastern Europe, explains the undeclared economy using a demand-side approach which evaluates citizens’ motives for purchasing undeclared goods and services. Here, three potential explanations for purchasing undeclared goods and services, grounded in rational economic actor, social actor and institutional imperfections theoretical perspectives, are evaluated. Reporting data from 11,131 face-to-face interviews conducted in 11 Central and Eastern European countries in 2013, the main finding is that all three explanations are used by consumers, demonstrating the need for a synthesis of these approaches. A multinomial regression analysis identifies the specific groups variously using the undeclared economy to obtain a lower price, for social or redistributive rationales, or due to formal institutional imperfections. The implications for theorising and tackling the undeclared economy are then explored. 相似文献
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This study applies three different methods widely used in the literature to track changes in shadow economic activity in Georgia following a drastic tax reform in 2005. The first method is a currency demand approach based on macrolevel data. The second and third methods rely on micro level data from household surveys. Overall, we find evidence that the amount of income underreporting decreased in the years following the reform. The biggest change is observed for households headed by a farmer, followed by ‘other’ types of households where the head does not report any working status. Employed and self‐employed households appear very similar before the tax reform and show minimal adjustment in income reporting in the post‐reform period. Results, however, suggest that much of any difference may have come from increased enforcement efforts rather than rate changes. 相似文献
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A structural VAR methodology is used for UK data to identify and map out the effects of innovations in the money supply, employment, output, wages and prices. Moreover, bands of two standard errors are computed for the impulse response functions so that comment may be made on the significance of the dynamic responses of the variables to the simulated shocks. This allows conclusions to be drawn on the persistence of shocks. Results suggest that output variation is largely determined by aggregate demand shocks over the business cycle frequency. Importantly, evidence is also found of rigidities in the form of price inertia and nominal wage stickiness. 相似文献
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黄河经济带上游区域作为"一带一路"的"源头",向西关系到丝绸之路经济带的崛起和我国向西开放的进程;向东延伸与我国沿海经济带相连,起到承上启下的作用。文章选取黄河经济带上游区域为研究对象,首先基于脱钩理论研究碳排放与经济增长脱钩关系;其次从人均生产总值、能源消费量、碳排放、城市化水平和服务化水平五个指标出发,分析经济增长影响碳排放的路径。研究发现:全国和黄河经济带上游区域脱钩拟合曲线趋势先向上、后向下,但黄河经济带上游区域脱钩指标值开始下降的时间晚、速度慢,说明其低碳经济发展程度落后于全国水平。经济增长通过两条路径影响碳排放:经济增长通过提高城市化水平对碳排放具有促进效应,通过提高服务化水平对碳排放形成减弱效应。 相似文献