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ISH: Hacia una Medida de la Satisfacción de los Hogares desde el Punto de Vista de la Oferta de Trabajo.
Marcelo, Darwin; Villa, Juan Miguel - EconWPA - 2004
El estudio de las preferencias es uno de los temas menos tratados por la econometría aplicada. En el presente artículo se pretende realizar una aproximación translogarítimica de las preferencias por medio de la construcción de un Índice de Satisfacción de los Hogares (ISH) con base al...
Persistent link: https://www.econbiz.de/10005076523
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Estimating and testing intertemporal preferences: A unified framework for consumption, work and savings
Chin, William - EconWPA - 2004
Five waves of the Panel Study of Income Dynamics (PSID), 1985-1989 including both wealth supplements, are used to construct an intertemporal budget constraint for selected single headed households. A new functional form of the dual consumer profit function rationalizing consumption, labor supply...
Persistent link: https://www.econbiz.de/10005125687
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Consumption Patterns over Pay Periods
Kelly, Clare; Lanot, Gauthier - EconWPA - 2002
This paper establishes a theoretical framework to characterise the optimal behaviour of individuals who receive income periodically but make consumption decisions on a more frequent basis. The model incorporates price uncertainty and imperfect credit markets. The simulated numerical solution to...
Persistent link: https://www.econbiz.de/10005135011
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Theoretical Aspects of Retirement Decisions
Verbic, Miroslav - EconWPA - 2002
Paper presents a survey of five different approaches to retirement decision analysis. Simple life cycle labour supply … retirement decision as a static approach. Comparative static version of this model enables the determination of income, wealth …
Persistent link: https://www.econbiz.de/10005135080
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Estimating and testing preferences for consumption, work hours and savings using the PSID, the profit function and the true dynamic budget constraint
Chin, William - EconWPA - 2003
Five waves of the Panel Study of Income Dynamics (PSID), 1985-1989 including both wealth supplements, are used to construct an intertemporal budget constraint for selected single headed households. A new functional form of the dual consumer profit function rationalizing consumption, labor supply...
Persistent link: https://www.econbiz.de/10005561778
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Is there a Daily Discount Rate? Evidence from the Food Stamp Nutrition Cycle
Shapiro, Jesse M. - EconWPA - 2003
A central prediction of the quasi-hyperbolic model of time preference is that consumers will be impatient over short-run tradeoffs. I present the first nonlaboratory test of this implication using data on the nutritional intake of food stamp recipients. Caloric intake declines by 10 to 15...
Persistent link: https://www.econbiz.de/10005561782
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Influence of Brand Name in Variety Seeking Behavior of Consumers: An Empirical Analysis
Rajagopal - EconWPA - 2005
investigation. The study has been conducted in Mexican retail business environment with a focus to explore the tendency of decision … perceptions on brand name in reference to brand risk and brand differences have been the prime factors in making buying decision … feel high risk averse and entangle in decision making with perceived brand differences. …
Persistent link: https://www.econbiz.de/10005561847
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What have we learnt about Loss Aversion and Endowment Effects? Still an anomaly?
Dalton, Patricio Santiago - EconWPA - 2003
This paper presents an insight into the theoretical and empirical literature of Loss Aversion and Endowment Effect. The definition and conceptualisation of both ideas is introduced in order to define a framework for further analysis. Their presence implies a radical change in some of the basic...
Persistent link: https://www.econbiz.de/10005077088
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The Monty Hall Dilemma Revisited: Understanding the Interaction of Problem Definition and Decision Making
Mueser, Peter R.; Granberg, Donald - EconWPA - 1999
We examine a logical decision problem, the "Monty Hall Dilemma," in which a large portion of sophisticated subjects …
Persistent link: https://www.econbiz.de/10005125570
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Early Experiments in Consumer Demand Theory: 1930-1970
Moscati, Ivan - EconWPA - 2005
backgrounds of the experiments and their impact on the development of consumption theory are also investigated. Among other things …
Persistent link: https://www.econbiz.de/10005126065