Timing of seasonal sales

We present a model of timing of seasonal sales where stores chooseseveral designs at the beginning of the season without knowingwich one, if any, will be fashionable. Fashionable designs have achance to fetch high prices in fashion markets while non-fashionableones must be sold in a discount market. In the beginning of theseason, stores charge high prices in the hope of capturing theirfashion market. As the end of the season approaches with goods stillon the shelves, stores adjust downward their expectations that theyare carrying a fashionable design, and may have sales to capture thediscount market. Having a greater number of designs induces a storeto put one of them on sales earlier to test the market. Moreover,price competition in the discount market induces stores to startsales earlier because of a greater perceived first-mover advantage incapturing the discount market. More competition, perhaps due todecreases in the cost of product innovation, makes sales occur evenearlier. These results are consistent with the observation that thetrend toward earlier sales since mid-1970's coincides with increasingproduct varieties in fashion good markets and increasing storecompetition.

How well do individuals predict the selling prices of their homes?

Self-reported home values are widely used as a measure of housing wealth by researchers employing a variety of data sets and studying a number of different individual and household level decisions. The accuracy of this measure is an open empirical question, and requires some type of market assessment of the values reported. In this research, we study the predictive power of self-reported housing wealth when estimating sales prices utilizing the Health and Retirement Study. We find that homeowners, on average, overestimate the value of their properties by between 5% and 10%. More importantly, we are the first to document a strong correlation between accuracy and the economic conditions at the time of the purchase of the property (measured by the prevalent interest rate, the growth of household income, and the growth of median housing prices). While most individuals overestimate the value of their properties, those who bought during more difficult economic times tend to be more accurate, and in some cases even underestimate the value of their house. These results establish a surprisingly strong, likely permanent, and in many cases long-lived, effect of the initial conditions surrounding the purchases of properties, on how individuals value them. This cyclicality of the overestimation of house prices can provide some explanations for the difficulties currently faced by many homeowners, who were expecting large appreciations in home value to rescue them in case of increases in interest rates which could jeopardize their ability to live up to their financial commitments.

Panégyriques de saint François de Sales,... / par Bossuet, Bourdaloue, Fléchier, le P. Delarue, le P. Avrillon, le P. de Segaud, Frey de Neuville, de Beauvais. terminés par des fragments de Fénelon, relatifs au saint, et accompagnés d'un fac-simile de son écriture

Comprend : Fragments / Fénelon

Report pursuant to House File 2782 (2007 Infrastructure Appropriations Act)

House File 2782 (2007 Infrastructure Appropriations Act) requires state agencies that receive Appropriations from specified funds to report that information. The Iowa Department of Transportation received funds from the Rebuild Iowa Infrastructure Fund, the State Recreational Trails Fund, Health Restricted Capitals, Rail Revolving Loan and Grant Program and the Tobacco settlement in FY 2008.

Vie de saint François de Sales : évêque et prince de Genève, 1567-1622 / par F. Valentin

Collection : Les petits livres de M. le curé

Iowa Sales and Use Tax Annual Statistical Report 2008

Iowa Sales and Use Tax Annual Statistical Report 2008

Estudi de la pèrdua d'intensitat acústica de sales d'Esparreguera

Treball de recerca realitzat per alumnes d’ensenyament secundari i guardonat amb un Premi CIRIT per fomentar l'esperit científic del Jovent l’any 2010. L’objectiu principal d'aquest treball és el de fer un estudi del percentatge de pèrdua d'intensitat acústica de cinc sales d'Esparreguera. Això permetrà mesurar de manera objectiva un dels factors que influeixen en la qualitat acústica d'una sala.

Joan Sales, una traducció i una novel·la sense punt final

La història de la traducció francesa d’Incerta glòria i les relacions epistolars entre l’autor i el seu traductor permeten entendre millor el procés de composició de la gran novel·la de Joan Sales, sempre necessitat d’explicar la seva veritat i permanentment insatisfet amb la seva obra

Ma république. Tome 2 / . Auteur, Platon. Éditeur, J. de Sales... Ouvrage destiné à être publié en 1800

[La république (français). 1791]

Reprisals remembered: German-Greek conflict and car sales during the Euro crisis

During the Greek debt crisis after 2010, the German government insisted on harshausterity measures. This led to a rapid cooling of relations between the Greekand German governments. We compile a new index of public acrimony betweenGermany and Greece based on newspaper reports and internet search terms. Thisinformation is combined with historical maps on German war crimes during theoccupation between 1941 and 1944. During months of open conflict between Germanand Greek politicians, German car sales fell markedly more than those of cars fromother countries. This was especially true in areas affected by German reprisals duringWorldWar II: areas where German troops committed massacres and destroyed entirevillages curtailed their purchases of German cars to a greater extent during conflictmonths than other parts of Greece. We conclude that cultural aversion was a keydeterminant of purchasing behavior, and that memories of past conflict can affecteconomic choices in a time-varying fashion. These findings are compatible withbehavioral models emphasizing the importance of salience for individual decision-making.

Ma république. Tome 12 / . Auteur, Platon. Éditeur, J. de Sales... Ouvrage destiné à être publié en 1800

[La république (français). 1791]

Ma république. Tome 9 / . Auteur, Platon. Éditeur, J. de Sales... Ouvrage destiné à être publié en 1800

[La république (français). 1791]

Ma république. Tome 1 / . Auteur, Platon. Éditeur, J. de Sales... Ouvrage destiné à être publié en 1800

[La république (français). 1791]