Journal of Economic TheoryH. Polemarchakis. Is there an income effect? Journal of Economic Theory, 21:380-388, 1979. URL http://www.polemarchakis.org/a08-ief.pdf.H. Polemarchakis. Is there an income effect? Journal of Economic Theory, 21:380-388, 1979. URL http://www.polemarchakis....
This is really an example of the Slutsky effect. The income remained constant but as the price of gasoline rose,consumers chose less costly options. In fact many cut down on road trip vacations in order to spend less and conserve more of their income. ...
Thisincome effectis not obvious for some behaviors which are costly to the individuals such as smoking, alcohol or drug consumption. In those cases, people would save by quitting the behavior. But a cash transfer could for example help households buy healthier food or pay for gym membership. ...
Explain the income effect and the substitution effect. Explain/Define indirect taxes. Define and give an example of a compensating differential. Provide specific examples on the negative effects of industry concentration. Provide one example of a tourism multiplier effect that includes at least four le...
Nowadays, there are many celebrities who are famous for their glamour and wealth rather than achievements and this sets a bad example for young people. To what extent do you agree or disagree? Give reasons for your answer and include any relevant examples from your own knowledge or experience....
A chartered plane carrying tonnes of California cherries arrived Monday evening in Zhengzhou, capital of the central province of Henan. Beijing busts 13 ivory trafficking cases in half year More than 520 pieces of ivory and ivory products were seized in 13 trafficking cases from October to April...
The typical example given for a Giffen good is potatoes in Ireland in the 19th-century. In this situation, an increase in the price of potatoes made poor people feel poorer, so they switched away from enough "better" pr...
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Example Let's go through Bob's income statement to see what he's working with. Each individual item of information is expressed on a single line of the income statement. The first thing we need to know is how much money Bob made from selling furniture just in that year, which is his...
An example of an annuity with a liquidity feature would be a "25 Year Period Certain" immediate annuity. If you bought this type of annuity and then decided to take a full withdrawal after 5 years, you might be able to get an advance on the remaining 20 years of guaranteed payments. So...