A two-stage least squares model of housing prices is estimated with data collected from 3358 single-family home transactions. The results provide evidence for an optimal marketing period and indicate that a liquidity premium is priced in single-family home sales. Consistent with the hypothesis derived from economic search models, the model shows higher selling prices for houses having longer expected marketing periods. The model also shows a price premium for houses that sell faster than expectations. This effect supports the concept that liquidity is a value-enhancing characteristic. 相似文献
Seit einigen Jahren stellt der Europäische Gerichtshof vermehrt Regelungen der
nationalen Steuersysteme in Hinblick darauf in Frage, ob sie mit dem EG-Recht konform
gehen. Im aktuellen Fall Marks & Spencer entscheidet der Gerichtshof, ob Konzerne
Verluste ausländischer Töchter mit inländischen Gewinnen verrechnen dürfen. Welche
Wirkung hätte eine EU-weite Verlustverrechnung auf das deutsche Steueraufkommen?Prof. Dr. Clemens Fuest, 36, ist Direktor des Finanzwissenschaftlichen
Forschungsinstituts an
der Universität zu Köln und Mitglied des Wissenschaftlichen
Beirats beim Bundesministerium der
Finanzen; Thomas Hemmelgarn, 30, Dipl.-Volkswirt,
ist Mitarbeiter an demselben Institut; Fred
Ramb, 39, Dipl.-Volkswirt, ist Mitarbeiter der
Deutschen Bundesbank, Economic Research
Centre, in Frankfurt. Dieser Artikel repräsentiert
die persönliche Auffassung der Autoren und entspricht
nicht notwendigerweise der Position der
Deutschen Bundesbank oder ihrer Mitarbeiter. 相似文献
Consumer susceptibility to reference group influence has been demonstrated for certain products and buying situations. This
article reports a study designed to determine if reference group influence varies between consumers classified as situationally-oriented
and dispositionally-oriented. Results indicate a considerable difference between the two groups.
Independence Health Plan 相似文献
R.J. May and W.J. O'Malley (eds), Observing Change in Asia. Essays in Honour of J.A.C. Mackie, Bathurst: Crawford House Press, 1989, pp. 265. Paper: A$20.00.
Michael R. Dove (ed.), The Real and Imagined Role of Culture in Development: Case Studies from Indonesia, Honolulu: University of Hawaii Press, 1988. US$ 32.00.
Fukuo Ueno, Desa Cimahi: Analysis of a Village on Java during the Japanese Occupation (1943), Rotterdam: Comparative Asian Studies Programme (GASP), Erasmus University, 1988, pp. 291 + xi.
Sritua Arief and Adi Sasono, Modal Asing, Beban Hutang Luar Negeri dan Ekonomi Indonesia, Jakarta: LSP dan UI Press, 1987, pp. 69 + xix.
BRIEFLY NOTED: World Bank, World Debt Tables 1989–90, 2 Vols, Washington Dc, 1989.
Mohan Munasinghe, Energy Analysis and Policy, London: Butterworths, 1990, pp. 315 + xx; Electric Power Economics, London: Butterworths, 1990, pp. 323 + xviii. 相似文献
Entropy concepts have developed in four general contexts—thermodynamics, communication theory, statistical information theory and social and life sciences. These concepts have five distinct mathematical forms. Ambiguity and complexity in utilization of the concept has been heightened by this multi-faceted heritage. Effective utilization may be strengthened by a sharper articulation of entropy through combinations of literal, mathematical and graphical modes of expression. Geography and planning as user disciplines have important responsibilities in enhancing cross-disciplinary communication of this important adisciplinary concept. Implications of these arguments for the social sciences include the need for caution in drawing social analogies from the ambiguous entropy concepts of statistical mechanics; and an indication of the potential benefits of social science models based on the unambiguous entropic constructs of statistical information theory. 相似文献
John Stuart Mill proposed that all policy precepts, be they in the areas of morality or prudence or aesthetics, are all subordinate to the precepts of the Art of Life. The value which he assumes in defining the Art of Life is the Principle of Utility. This principle, being normative rather than fact, can admit of no proof based solely on deductive inference. Yet Mill proposed considerations that he believed capable of rationally persuading one to accept his principle as the basic principle for the Art of Life. This paper aims to evaluate this argument. In particular, it tries to show that a crucial step, often thought to be a logical howler, is not to be so simply dismissed. It is shown that if one accepts certain theses from Mill's philosophy of science and of social science, concerning the composition of causes, then the crucial step is fully justified. It is also suggested that these theses of Mill's philosophy of science are mistaken. So Mill's proof of utility is, after all, unsound, but the reconstruction proposed shows it to be much more plausible and much more philosophically interesting than is often thought. 相似文献