Sentence examples for degree of substitutability from inspiring English sources
Moreover, (t) can be interpreted as the degree of substitutability, so a higher (t) indicates that platforms are less substitutable.
The degree of substitutability among different types of workers can affect the incidence of public policies by creating labor demand spillovers within firms.
The key methodological contribution is that, besides the dependence between mode choice and where to work/live, the model allows for differences in the degree of substitutability – local competition – between transport modes.
The relative success of these strategies is determined by how easily firms can substitute between intermediate inputs sourced from different sectors of the economy: a low degree of substitutability increases the costs from 'bottleneck' sectors and the need for 'big push' policies.
We investigate the demand for energy and the degree of substitutability among fossil fuels in the United States using the Normalized Quadratic (NQ) expenditure function and (to our knowledge) the longest span prices and quantities that have ever been studied before, from 1919 to 2012.
These effects are strengthened the greater the degree of substitutability or complementarity between the services.
For reasonable degrees of substitutability we can account for up to 45% of the cross-country variance in output per worker, i.e. 8% more compared to our baseline model with perfect substitutability.
Although details vary among countries, the touchstone of any money market asset other than money itself is its closeness i.e., the degree of its substitutability for money.
One of the important features in this paper is that spillovers operate in the R&D stage and are tied to the degree of product substitutability as well as the extent of technological proximity/alienation of the research paths leading to cost reduction.
Intra-class correlation coefficients (ICC) were calculated to assess the level of substitutability between patient-patient and patient-by-proxy VAS and utility values.
