This paper proposes a simple macroeconomic model with staggered investment decisions. The model captures the dynamic coordination problem arising from demand externalities and fixed costs of investment. In times of low ...

The demand for trucks in Brazil has historically been an unusual choice for econometric analysis, resulting in a scarcity of studies on this subject, inconsistent with the economic relevance of road freight transport and ...

Using the model proposed by Cagan (1956), the money demand and prices are investigated in Brazilian high-inflation period between 1970 and 1994. Once the relevant series potentially have structural breaks, cointegration ...

This article presents a simple macroeconomic model where government spending affects aggregate demand directly and indirectly, through an expectational channel. Prices are fully flexible and the model is static, so ...

We propose an expectation-maximization (EM) method to estimate customer preferences for a category of products using only sales transaction and product availability data. The demand model combines a general, rank-based ...

Este trabalho investiga como os padrões de compras de consumidores de bens estocáveis são afetados por suas expectativas de preços. Usando um modelo dinâmico padrão de maximização da utilidade, deriva-se uma expressão ...

The resources of the Child Care and Development Fund (CCDF) are insufficient to meet the increasing demand for child care subsidies caused by the 1996 welfare reform in the U.S. Since these subsidies are not an entitlement, ...