This paper exploits the Brexit referendum as a quasi-natural experiment to investigate effect of exchange rate and uncertainty shocks on export volumes, prices, entry exit. We use transaction-level data for universe exporters in Portugal. Using monthly observations quantity price products exported by same firm buyers UK other countries allows us cleanly identify differential response shock mark...

Roads are currently essential links of communication and economic development. However, these roads progressively requiring higher quality materials, implying a greater impact on the environment, in order to withstand high levels heavy vehicle traffic. Therefore, this research proposes use industrial by-products create bituminous mixtures which more resistant durable than traditional ones. The ...

We study the cyclical effects of the timing of durable goods purchases in a general equilibrium model in which both durable and non-durable goods are consumed and the durable good is lumpy. At the microeconomic level, the timing of durable goods purchases supplies some insulation for nondurable consumption over the cycle. At the macroeconomic level, the timing decisions tend to amplify and prop...

The progress of automotive companies has led to a broad development in all sectors the industry, having an impact on processes design, engineering, systems, prototyping, testing and validation. At same time, consumers’ demand for durable products remains high. Desiring accomplish satisfy customer requirements, team is high work under time pressure due existing delays.

this paper represents a theoretical model from which the supply function for a durable goods is derived. it turns out that consumer at the equilibrium condition equates its user cost with the marginal value of services received by using an additional unit of durable goods. the stock price is obtained from this condition. in addition, at the equilbrium condition for producer, the stock price is ...

This paper develops the CCAPM model to allow for long-run risk in durable consumption. Allowing Epstein-Zin preferences to incorporate non-separability of durable and non-durable consumption in utility provides for an Euler equation which can be shown to provide a much better explanation of equity market features than either the basic CAPM or CCAPM. .The paper incorporates this discount factor ...

This paper studies the financing of durable assets in a model with collateral constraints due to limited enforcement. Durability affects the ease of financing: we show that more durable assets require larger down payments of internal funds per unit of capital making them harder to finance, because durability raises the price of an asset and hence the overall financing need more than its collate...

Ceramic is one of the highly competitive products in Thailand. Many Thai ceramic companies are attempting to know the customer needs and perceptions for making favorite products. To know customer needs is the target of designers and to develop a product that must satisfy customers. This research is applied Kansei Engineering (KE) and Data Mining (DM) into the customer driven product design proc...