When consumers are forward-looking with respect to their demand for a habit-forming good, traditional measures of price … consumption path under any price process.  Simulations then sketch out how habits and the price process shape demand.  Gasoline … demand motivates the model and illustrates its implications. …

case of beer demand, I find evidence that favours a rational habits mechanism over a salience effect.  Examining the case … of gasoline demand, I find rational habits to be the more plausible explanation for consumers' sensitivity to specific …

which orders choices in a way which conforms with the comparison desired, and which also orders constraint sets in the …

deserves analysis.  The literature on structural change has emphasised changing patterns of demand as an explanation for the … increasing importance of the services sector.  In order to establish the significance of private final demand as an explanation …

It is universally accepted that children have important effects on household demand patterns. This is usually … observed correlations between children and demand patterns are due to non-direct effects, such as fixed effects, state … who do not have children currently living at home. If there are only direct effects then the demand patterns of those who …

This paper examines conditions which guarantee that the excess demand function of an exchange economy will satisfy the … having von Neumann-Morgenstern utility functions. We show that the structural properties of demand near an equilibrium price …

This paper compares the goods and characteristics models of the consumer within a traditional demand framework.  We ….  We implement these procedures on household panel data from the UK milk market.  The primary result is that the better fit …