The effects of precautionary saving motives on (S,s) bands for home purchases

Article Abstract:

In a buffer-stock model, the optimal policy for consumption of durable good follows an (S, s) rule, where the consumer's decision for purchase depends on both the anticipated risk of unemployment and the available stock of liquid assets. The model is tested by evaluating consistency of microeconomic data for home purchase with the relationship between income uncertainty, liquid assets and characteristics of the (S, s) bands.

Models, Buffer stocks

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Heterogeneous preferences and location choice with multi-product firms

Article Abstract:

The beginnings of a theory of location choice by multiproduct forms of different sizes, in a market containing consumers with heterogeneous tastes are presented. It is found that multi--product firms disperse their products if consumer heterogeneity is low or distance between markets is high and that they adopt more dispersed locations than single-product firms to limit business stealing form their own outlets.

Influence, Industrial locations, Industrial location

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Competitive pressures on China: income inequality and migration

Article Abstract:

The impacts of competitive pressures on income inequality and migration in China are examined. The functional and personal income streams of income distribution theory have been fused for the analysis.

China, International Affairs, Immigration & Emigration, Economic aspects, Emigration and immigration

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