NBER WORKING PAPER SERIES THE GROWTH OF OBESITY AND TECHNOLOGICAL CHANGE: A THEORETICAL AND EMPIRICAL EXAMINATION Darius Lakdawalla Tomas Philipson Working Paper 8946 http://www.nber.org/papers/w8946 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 May 2002 We wish to thank seminar participants at AEI‚ The University of Chicago‚ Columbia University‚ Harvard University‚ MIT‚ The University of Toronto‚ UCLA‚ Yale University‚ the 2001 American Economic
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Why the tepid response to higher gasoline prices? Most studies report that when US. gas prices rise by 10 percent‚ the quantity purchased falls by 1 to 2 percent. In September 2005‚ the retail gasoline price was $2.90 a gallon‚ about $1.00 higher than in September 2004‚ but purchases of gasoline fell by only 35 percent. Source: The New York limes‚ October 13‚ 2005 1. Calculate the price elasticity of demand for gasoline implied by what most studies have found. (2.90-1.90/1.90)= 52.6 2. Compare
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TRANSITION FROM PRODUCT TO CONSUMER ORIENTATION The story of evolution of Asian Paints is fascinating. In the initial years the company mainly focused on “product innovation” trying to improve the quality of its product and by targeting to achieve mass segmentation through increase in volumes. The company then realized that the involvement of people is low in the industry. In order to involve people the company shifted to consumer orientation. CONSUMER ORIENTATION: Consumer Orientation means identifying
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FINANCIAL STATEMENT ANALYSES HOMEWORK 1 1) Consolidated Balance Sheet mean is the relationship between the capital of the companies belonging to the same date or period of balance sheet items and interrelationship with the gathering of relevant records are held on the balance sheet. 2) Ramstore Bulgaria E.A.D. (“Ramstore Bulgaristan”) Ramstore Kazakhstan LLC (“Ramstore Kazakistan”) Ramstore Macedonia DOO (“Ramstore Makedonya”) Sanal Merkez Ticaret A.Ş. (“Sanal Merkez”) No they do not
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has left consumers with more disposable income‚ lowering the threshold of what was originally considered un-obtainable. This has resulted in increased sales in fuel efficient cars (which are more expensive) (Donnelly‚ 2013) and due to this demand‚ supply has increased. This has evoked the supply and demand for inferior good (less fuel efficient cars) from Q1 to Q2. This combined with the sudden influx of credit available in conjunction with declining inflation rates have given consumers’ confidence
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eco NITIE‚ MUMBAI 400 087 I MODULE ENDING EXAMINATION PGDIM XIth BATCH EC01 BUSINESS ECONOMICS Date: 23 September 2004 Time: 9.30 am to 12.30 am Maximum marks: 60 Instructions: Attempt any three questions out of four. All questions carry equal marks. Start each answer on a fresh page. Parts of the question must be answered together. Use appropriate tables‚ diagrams‚ equations to support your answers. Assume suitable assumption wherever necessary. Q 1(a) Mrs. Palekar has Rs 1
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References: 4: 193-185. Thaler‚ Richard H. 1999. Mental accounting matters. Journal of Behavioral Decision Making‚ 12: 183-206. Thaler‚ Richard H.‚ and Shefrin‚ Hersh M. 1981. An economic theory of self-control. Journal of Political Economy‚ 89: 392-406. Table 1. Fixed-Effects Regression Predicting the Importance of Money in Study 1. Summary Statistics 6.45 (1.84) £10.07 (9.61) £480.74 (3279.38) £40‚605 (66‚319) 9.06 (1.65) 62% (0.49) 2.99
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OUTLINE THE CLAIM THAT CONSUMPTION CREATES NEW SOCIAL DIVISIONS A consumer society is now more a society where individual identities and lifestyles are defined through what you able to buy and how you live your lives‚ as opposed to what occupation you do for a living. Division can be created or made more apparent through this way of consuming‚ highlighting the divisions between rich and poor or the young and old within a consumer society (Hetherington‚ 2009‚ p.3-4). Within this essay focus will mainly
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1) implies to normal luxurious goods. When income increases‚ the demand for luxury goods such as cars‚ rises more than proportionately to a change in income as consumers have the confidence and the purchasing power to buy these goods. Hence‚ the demand curve will shift more significantly to the right. However‚ the income level of consumers is another factor which affects the income elasticity of demand. While the income elasticity of demand for basic necessities is less than 1‚ the income elasticity
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Estimated time a candidate is expected to take to answer 36 60 minutes 24 36 minutes 30 50 minutes 10 15 minutes Weightage by content Unit No 1 2 3 4 6 7 8 9 10 3. 6 6 10 10 Mark Unit Sub-Units Introduction Consumer Equilibrium and Demand Producer Behaviour and Supply Forms of Market and Price determination National income and related aggregates Money and Banking Determination of Income and employment Government Budget and the economy Balance of Payment
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