The rise of online sharing systems offers consumers the opportunity to grant other consumers access to infrequent-use goods or spaces they own, or the opportunity to access those they do not. Thereby, consumers’ decision-making and usage behaviors are likely to change, which in turn will affect consumer surplus and thus social welfare. Within this paper, first steps towards understanding the ec...

government interventions in agricultural markets in order to stabilize commodity prices and producer incomes have had a long tradition. intervention has been at both the state and country levels and has been for the most part in the form of commodity-based schemes. this study represents an attempt to develop an appropriate methodology for analyzing the aggre-gate effects of a particular type of...

We utilize the analytical construct of a stochastic supply function to provide an aggregate representation of a finite class of standard deterministic supply functions. We introduce a consistency postulate for a stochastic supply function that may be satisfied even if no underlying deterministic supply function is rationalizable in terms of profit maximization. Our consistency postulate is none...

This paper surveys recent research findings concerning th& size and importance of labor-supply changes resulting from U.S. income taxes and transfers. Our review of the literature of recent years leads us to conclude that the aggregate amount of work reduction that is attributable to taxes and transfers is relatively modest. Moreover, this reduction may be partly offset by the beneficial effect...

In this paper we consider the complete supply chain for a large pulp producer in Sweden. The supply chain is divided up in two parts, the pulp production planning problem and the distribution to customers problem. We focus on the overall problem and the interaction between the partial problems and discuss how to solve these simultaneously in a supply chain logistic support system. We have model...

In this paper, we embed the microeconomic decisions associated with investment under uncertainty, capacity utilization, and machine replacement in a general equilibrium model based on putty-clay technology. We show that the combination of log-normally distributed idiosyncratic productivity uncertainty and Leontief utilization choice yields an aggregate production function that is easily charact...

Why Are Married Men Working So Much? Home Production, Household Bargaining and Per-Capita Hours Empirical patterns of labor supply at the micro level tend to reject the unitary model assumption implicit in most macro theories, where households are the deemed to be rational agents. This paper examines the rise in per-capita labor since 1975 and asks how the inclusion of bargaining between spouse...

Wage hikes affect production costs and hence are usually analysed as supply shocks. There is, however, a long-standing debate about demand effects of wage variations. In this paper, we bring together these two arguments in a Kaldorian model with group specific saving rates and a production technology that allows for redistribution between workers and entrepreneurs following a wage hike. We ther...

We estimate a linear and a piecewise linear Phillips curve model with regional labor market data for West German and Neue Länder. Employing regional observations allows us to country difference the data. This eliminates, under the assumption of homogeneous Länder, supply shocks and changes in the formation of expectations as possible identification failures. With seemingly unrelated regressions...