SYV weathering recession better than others Jun 5, 2009
Hamilton said the substitution effect of local travel will not be large enough to offset the loss of tourism from outside the area. Still, he said, the slowdown will not be as serious for certain businesses. (Santa Maria Times)
The Law of Demand Jun 1, 2009
There are two reasons for this, the first being the income and substitution effects ... The substitution effect means that other similar products now seem more expensive compared to the lower priced product. (Suite101.com)
Elevator pitches: Show me the VC money Apr 14, 2009
and the impact they would have on pricing and the substitution effect their products would have on New Home products. I'm just not convinced that the exclusivity of the New Home channel will be defendable as the broader market expands. (San Francisco Chronicle -- Business)
Glendale openly opposes Indian casino plan Mar 26, 2009
It is estimated that the substitution effect could be as high as 75 percent. Norris said the city's study was "a series of mistaken assumptions which lead to a host of inaccurate conclusions.". (AZCentral -- News)
Wouldn't credit it, but regrettably the banks do Mar 24, 2008
As described recently by Ross Gittins, higher interest rates help keep inflation down in three main ways: by directly taking disposable income out of the household budget (the cash-flow effect); by encouraging people to save now and spend later (the intertemporal substitution effect); and by making imports cheaper (the exchange rate effect). There is little doubt the cash-flow effect helps to reduce household spending, especially when the banks decide to increase mortgage rates by even more than... (Sydney Morning Herald -- Opinion)
Lower rates will do the trick - eventually Mar 15, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
Citizens Supporting Integrity rally to oppose casino Mar 4, 2008
mp6500 wrote on Mar 3, 2008 2:31 PM:" CityGuy, the study didn't mention the market size, but I did find that "Even after accounting for the so-called "substitution effect," economists at the University of Missouri and Washington University concluded that casino gambling in Missouri had a net positive annual impact on Missouri output of $759 million, corresponding to a continuing higher level of employment of 17,932 jobs generating $508 million more in personal income. Charles Leven et al.,... (Jefferson City News Tribune, MO)
Is 2008 the year of the PlayStation 3? Feb 16, 2008
"So will 2008 be the breakout year for the PS3? Probably not. The changing tastes of the market are not on Sonys side, and a twitchy economy doesnt help the company's chances, either. Plus, one month of besting the Xbox 360 in a month where none of the systems sold more than 300,000 units doesn't necessarily signal a turnaround. Colin Sebastian, an analyst with Lazard Capital Markets, sees January as an aberration due to short Xbox 360 supplies following their successful holiday... (MSNBC -- Technology)
The Cost-Effectiveness of Compact Fluorescents in Commercial Buildings Jan 24, 2008
Second, the reduced cost of energy utilization via standards will induce income and substitution effects that not only offset the hoped-for energy savings but exacerbate other negative externalities ... Income and substitution effects relate to an entirely different issue ... A substitution effect exists if the reduced cost of each lumen induces a substitution of consumption towards lumens and away from other goods and services holding income constant. (Energy Pulse, CO)
Asia still prone to financial crisis, say economists Nov 14, 2007
After the crisis, Asian nations decided to grow slowly, borrow less, invest less, keep current account surpluses, keep exchange rates competitive and build up foreign exchange reserves, he said, adding, however, that this had caused a substitution effect. . (The Star Online, Malaysia -- Business)
A risky bet on urban casinos Sep 23, 2007
A reputable 1998 report sponsored by the National Gambling Impact Study Commission concluded that, "Overall, the only case where the substitution effect might be negative is that of a casino disrupting an already healthy tourist base." Backers of a Suffolk Downs casino, at least, are acknowledging the issue. This week, they sat down with North End restaurateurs to discuss how the casino might encourage its future customers to dine downtown. (Boston Globe)
Pro-casino forces take aim at Harrah's report Jul 24, 2007
Members: Not Registered. for free extra services. (Wichita Business Journal, KS)
Arizona could survive without illegal workers Jul 21, 2007
The true substitution effect would likely be substantial. However, let's assume the entire 8 percent contribution evaporated. (AZCentral -- News)
Palm oil expected to yield higher returns this year Mar 12, 2007
"The substitution effect is quite substantial," said Alvin Tai, a plantations analyst at OSK Securities. Crude oil for April delivery fell as much as 78 cents, or 1. (International Herald Tribune -- Business Asia)
* Europe squares up to its east, west challenge Mar 2, 2007
Wage inflexibility, combined with the substitution effect exerted on the great majority of West European workers implies that eastern enlargement will cause a net loss of jobs in Western Europe, if the labor market remains as inflexible as it now is. To be sure, eastern enlargement is leading to an increase in West European exports, because more markets have been opened in which western firms can sell their products. (Taipei Times, Taiwan -- World)
Grupo Aeroportuario del Pacifico Reports Passenger Traffic Increase of 6.3% for January 2007 Feb 9, 2007
Decreases in international passenger traffic at the Guadalajara, Bajio and Morelia airports were possibly a result of the substitution effect as several of the LCC's have increased the number of frequencies to and from Tijuana. This resulted in numerous passengers choosing to fly to the U.S. via Tijuana due to lower fares, therefore decreasing traffic on flights to and from California. (PR Newswire)
