Janice C Eberly
Biographic Data
| ID | 1456982 |
|---|---|
| NAME | Janice C Eberly |
| GIVEN NAMES | Janice C |
| FAMILY NAME | Eberly |
| SIGNATURE | EBERLY J C |
| AFFILIATIONS | Janice C. Eberly is Professor of Finance, Northwestern Kellogg School of Management, Evanston, Illinois. Research Associates, National Bureau of Economic Research, Cambridge, Massachusetts. |
| VERIFIED | No |
| TOTAL WORKS | 2 |
| TOTAL CITATIONS | 7 |
| AUTHOR COUNT | 2 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1994 |
| LATEST PUBLICATION YEAR | 2022 |
| H-INDEX | 2 |
The Economics of Intangible Capital
Intangible assets are a large and growing part of firms' capital stocks. Intangibles are accumulated via investment-foregoing consumption today for output in the future-but they lack a physical presence. Rather than stopping with this "lack," we instead focus on the positive properties of intangibles. Specifically, intangibles must be stored, so characteristics of the storage medium have important implications for their value and use. These prope…
Adjustment of Consumers' Durables Stocks: Evidence from Automobile Purchases
This paper tests an optimal (S, s) rule in household durable purchases and examines directly the resulting aggregate expenditure dynamics. The observed decision rule responds to income uncertainty and growth as predicted by an (S, s) model resulting from transactions costs. Tests against liquidity constraints find that about half the households purchase according to an optimal (S, s) rule. Aggregating the (S, s) rule over households produces a cr…
Adjustment of Consumers' Durables Stocks: Evidence from Automobile Purchases
This paper tests an optimal (S, s) rule in household durable purchases and examines directly the resulting aggregate expenditure dynamics. The observed decision rule responds to income uncertainty and growth as predicted by an (S, s) model resulting from transactions costs. Tests against liquidity constraints find that about half the households purchase according to an optimal (S, s) rule. Aggregating the (S, s) rule over households produces a cr…
The Economics of Intangible Capital
Intangible assets are a large and growing part of firms' capital stocks. Intangibles are accumulated via investment-foregoing consumption today for output in the future-but they lack a physical presence. Rather than stopping with this "lack," we instead focus on the positive properties of intangibles. Specifically, intangibles must be stored, so characteristics of the storage medium have important implications for their value and use. These prope…
Adjustment of Consumers' Durables Stocks: Evidence from Automobile Purchases
This paper tests an optimal (S, s) rule in household durable purchases and examines directly the resulting aggregate expenditure dynamics. The observed decision rule responds to income uncertainty and growth as predicted by an (S, s) model resulting from transactions costs. Tests against liquidity constraints find that about half the households purchase according to an optimal (S, s) rule. Aggregating the (S, s) rule over households produces a cr…
The Economics of Intangible Capital
Intangible assets are a large and growing part of firms' capital stocks. Intangibles are accumulated via investment-foregoing consumption today for output in the future-but they lack a physical presence. Rather than stopping with this "lack," we instead focus on the positive properties of intangibles. Specifically, intangibles must be stored, so characteristics of the storage medium have important implications for their value and use. These prope…
Economic theories and models (2 works) · Economics (2 works) · Microeconomics (2 works) · Aggregate (composite (1 works) · Aggregate expenditure (1 works) · Business (1 works) · Corporate Finance and Governance (1 works) · Distribution (mathematics (1 works) · Econometrics (1 works) · Economic Growth and Productivity (1 works)