New results for multi-issue allocation problems and their solutions

Review of Economic Design - In this paper we present a different perspective than the more traditional approaches to study solutions for multi-issue allocation problems. This perspective is based...     

The home purchase process: Measurement of evaluative criteria through pairwise measures

Although the purchase of a home represents a sizable investment for the average family, relatively little consumer research pertaining to the home purchase process has been reported. This investigation utilized Thurstone's Case V methodology to identify key attributes used by consumers to make housing choices and to show how these attributes are perceived by consumers of different tenure and socioeconomic status. The pairwise comparison analysis showed a strong preference for the attributes “safety and security from crime” and “quality construction” by the respondents. In addition, the analysis revealed several important differences in attribute preferences between former owners and former renters. Former home owners, for example, were more likely than former renters to prefer school quality when it was pitted against several other attributes. Thurstone's Case V techniques was found to be an effective method for measuring consumer preferences. Implications which focus on home product development and marketing strategies are discussed.     

Investments,wages, prices and demand for labour

Summary Since 1971 the employment in the Netherlands has continuously decreased. Apart from the decrease caused by the recent depression, particularly in the year 1975, the decrease is a more pronounced continuation of a tendency which is manifest already in a number of years before. In this paper an attempt is made to explain the structural development of employment by means of a clay-clay vintage model. It appears that the unfavourable development of employment is connected with the accelerated growth of real labour costs in the past decade.This article is a translation of a revised and somewhat extended version of a paper published earlier in Dutch: H. den Hartog and H. S. Tjan,Investeringen, lonen, prijzen en arbeidsplaatsen, Central Planning Bureau, Occasional Paper, 1974/2, The Hague, 1974. This revised version of the clay-clay vintage model was introduced into a much more complete model of the economy of the Netherlands in: H. den Hartog, Th. C. M. J. van de Klundert and H. S. Tjan, De structurele ontwikkeling van de werkgelegenheid in macro-economisch perspectief, inWerkloosheid, Preadviezen van de Vereniging voor de Staathuishoudkunde, The Hague, 1975.     

Analyzing airlines market service using panel data

Quarterly panel data covering the largest 10,000 city-pairs in the domestic US from 1998 are used to investigate airlines market entry and exit decisions. Several models are estimated looking at changes in the number of carriers serving in a market. The influence of a number of markets characteristics is examined, including number of passengers, average fare, average yield, service concentration, great circle distance, and seasonality. The results suggest that airlines are more likely to enter a market when market concentration is high and there are high average fares. Also airlines tend to enter new markets in the second quarter, then in the fourth quarter, and then in the third quarter of the year.