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Expenditure Visibility and Consumer Behavior : New Evidence

Heffetz, Ori - 2018

Expenditure visibility—the extent to which a household's spending on a consumption category is noticeable to others—is measured in three new surveys, with ~3,000 telephone and online respondents. Visibility shows little change across time (ten years) and survey methods. Four different...

Persistent link: https://www.econbiz.de/10012909500

A Model of the Consumption Response to Fiscal Stimulus Payments

Kaplan, Greg - 2011

A wide body of empirical evidence finds that around 25 percent of fiscal stimulus payments (e.g., tax rebates) are spent on nondurable household consumption in the quarter that they are received. To interpret this fact, we develop a structural economic model where households can hold two assets:...

Persistent link: https://www.econbiz.de/10013121052

The Joint Identification of Utility and Discount Functions from Stated Choice Data : An Application to Durable Goods Adoption

Dubé, Jean-Pierre - 2012

We present a survey design that generalizes static conjoint experiments to elicit inter-temporal adoption decisions for durable goods. We show that consumers' utility and discount functions in a dynamic discrete choice model are jointly identified using data generated by this specific design. In...

Persistent link: https://www.econbiz.de/10013100670

Guns, Latrines, and Land Reform : Private Expectations and Public Policy

Kremer, Michael - 2016

Dynamically and statically optimal Pigouvian subsidies on durables will differ in a growing economy. For durables with positive externalities, such as sanitation, statically optimal subsidies will typically grow. However, in a dynamic game, governments can most cheaply induce optimal purchasing...

Persistent link: https://www.econbiz.de/10013000512

Dynamics of Consumer Demand for New Durable Goods

Gowrisankaran, Gautam - 2009

Most new consumer durable goods experience rapid prices declines and quality improvements, suggesting the importance of modeling dynamics. This paper specifies a dynamic model of consumer preferences for new durable goods with persistently heterogeneous consumer tastes, rational expectations,...

Persistent link: https://www.econbiz.de/10012764836

Asymmetric Effects of Non-Pecuniary Signals on Search and Purchase Behavior for Energy-Efficient Durable Goods

Holladay, James Scott - 2016

We report the results of a field experiment where we exogenously vary the use of social comparisons "nudges" and subsidies for participation in an in-home energy audit program, and follow subjects through to the subsequent purchase of durable goods. We therefore can compare the causal effect of...

Persistent link: https://www.econbiz.de/10012977280

Mortgage Rates, Household Balance Sheets, and the Real Economy

Keys, Benjamin J. - 2014

This paper investigates the impact of lower mortgage rates on household balance sheets and other economic outcomes during the housing crisis. We use proprietary loan-level panel data matched to consumer credit records using borrowers' Social Security numbers, which allows for accurate...

Persistent link: https://www.econbiz.de/10013046153

Are Durable Goods Consumers Forward Looking? Evidence from College Textbooks

Chevalier, Judith A.; Goolsbee, Austan - 2021

Popular wisdom holds that publishers revise college textbooks mainly to kill off the secondary market for used books. While this behavior might be profitable if consumers are myopic, uninformed or have high short-run discount rates (that exceed the publishers'), neoclassical authors have noted...

Persistent link: https://www.econbiz.de/10013212612

Durable Goods and Conformity

House, Christopher L.; Ozdenoren, Emre - 2021

Is the variety of products supplied in markets a reflection of the diversity of consumers' preferences? In this paper, we argue that the distribution of durable goods offered in markets tends to be compressed relative to the distribution of consumers' underlying preferences. In particular, there...

Persistent link: https://www.econbiz.de/10013228053

Remittance Responses to Temporary Discounts : A Field Experiment Among Central American Migrants

Ambler, Kate - 2014

We study the impacts on remittances of offering migrants temporary discounts on remittance transaction fees. We … weeks after expiration of the discount. We find no evidence that the discounts cause migrants to shift remittances from … other remittance channels, or to send remittances on behalf of other migrants. These findings are consistent with naïveté on …

Persistent link: https://www.econbiz.de/10013046607