Narrow search
Showing 1 - 10 of 134
Cover Image
Opening the Black Box of Intra-Household Decision-Making: Theory and Non-Parametric Empirical Tests of General Collective Consumption Models
Cherchye, Laurens; Rock, Bram De; Vermeulen, Frederic - Institute for the Study of Labor (IZA) - 2005
We non-parametrically test a general collective consumption model with public consumption and externalities inside the household. We further propose a novel approach to model special cases of the general collective model. These special cases include alternative restrictions on the 'sharing rule'...
Persistent link: https://www.econbiz.de/10005822055
Cover Image
An Afriat Theorem for the Collective Model of Household Consumption
Cherchye, Laurens; De Rock, Bram; Vermeulen, Frederic - Institute for the Study of Labor (IZA) - 2008
We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a Collective Axiom of Revealed Preference (CARP), which provides...
Persistent link: https://www.econbiz.de/10005822743
Cover Image
Stochastic Choice and Consideration Sets
Manzini, Paola; Mariotti, Marco - Institute for the Study of Labor (IZA) - 2012
We model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then chooses the alternative that maximises a preference relation within the set of considered alternatives....
Persistent link: https://www.econbiz.de/10010697237
Cover Image
Stated and Revealed Heterogeneous Risk Preferences in Educational Choice
Fossen, Frank M.; Glocker, Daniela - Institute for the Study of Labor (IZA) - 2014
Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...
Persistent link: https://www.econbiz.de/10010743492
Cover Image
Consumer Search Costs and Preferences on the Internet
Jolivet, Grégory; Turon, Hélène - Institute for the Study of Labor (IZA) - 2014
We analyse consumers' search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price dispersion among adverts for the same product. We also show...
Persistent link: https://www.econbiz.de/10011078385
Cover Image
Sharing Rule Identification for General Collective Consumption Models
Cherchye, Laurens; De Rock, Bram; Lewbel, Arthur; … - Institute for the Study of Labor (IZA) - 2012
We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household consumption model. Unlike the effects of distribution factors, it is well known that the level of the sharing rule cannot be uniquely identified without strong assumptions on...
Persistent link: https://www.econbiz.de/10011279275
Cover Image
Nonparametric Analysis of Household Labor Supply: Goodness-of-Fit and Power of the Unitary and the Collective Model
Cherchye, Laurens; Vermeulen, Frederic - Institute for the Study of Labor (IZA) - 2006
We compare the empirical performance of unitary and collective labor supply models, using representative data from the Dutch DNB Household Survey. We conduct a nonparametric analysis that avoids the distortive impact of an erroneously specified functional form for the preferences and/or the...
Persistent link: https://www.econbiz.de/10005762000
Cover Image
The Revealed Preference Approach to Collective Consumption Behavior: Testing, Recovery and Welfare Analysis
Vermeulen, Frederic; Cherchye, Laurens; Rock, Bram De - Institute for the Study of Labor (IZA) - 2007
We extend the nonparametric ‘revealed preference’ methodology for analyzing collective consumption behavior (with consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare-related questions. First, we provide a nonparametric...
Persistent link: https://www.econbiz.de/10005762164
Cover Image
Gambling and the Use of Credit: An Individual and Household Level Analysis
Brown, Sarah; Dickerson, Andy; McHardy, Jolian; Taylor, Karl - Institute for the Study of Labor (IZA) - 2010
We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …
Persistent link: https://www.econbiz.de/10008562538
Cover Image
Altruism, Fertility, and the Value of Children: Health Policy Evaluation and Intergenerational Welfare
Birchenall, Javier A.; Soares, Rodrigo R. - Institute for the Study of Labor (IZA) - 2007
This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in a "value of life" type of framework. We are able to express adults’ willingness to pay for changes in child...
Persistent link: https://www.econbiz.de/10005822923