Showing 1 - 10 of 288
This paper estimates consumer demand for firearms with the aim of predicting the likely impacts of firearm regulations … individual-level demand model for firearms. We validate our estimates using aggregate moments from observational data. Next, we …. Importantly, we find that bans or restrictions that specifically target "assault weapons" increase demand for handguns, which are …
Persistent link: https://www.econbiz.de/10014226131
data, I then show that this type of demand heterogeneity is empirically relevant in a consumer health plan setting. Younger … and older consumers and men and women reveal strikingly different demand for health insurance, conditional on their …
Persistent link: https://www.econbiz.de/10012456237
We provide a method to measure welfare, in money-metric terms, taking into account expectations about the future. Our two key assumptions are that (1) the expenditure function is separable between the present and the future, and (2) there are some households that do not face idiosyncratic...
Persistent link: https://www.econbiz.de/10014576596
A subset of harm reduction strategies encourages individuals to switch from a harmful addictive good to a less harmful addictive good; examples include e-cigarettes (substitutes for combustible cigarettes) and methadone and buprenorphine (substitutes for opioids). Such harm reduction methods have...
Persistent link: https://www.econbiz.de/10014226123
We establish the Hurwicz-Uzawa integrability of the broad class of discrete-choice additive random-utility models of individual consumer behavior with perfect substitutes preferences and divisible goods. We derive the corresponding indirect uility function and then establish a representative...
Persistent link: https://www.econbiz.de/10013334349
This paper analyzes the determinants of health insurance enrollment and health expenditure in Ghana using micro data from wave 7 of the Ghana Living Standards Survey (GLSS 7) with emphasis on the role of risk preferences and the availability of health facilities in one's own community. It is...
Persistent link: https://www.econbiz.de/10013334394
distribution in shaping inflation and aggregate demand within the New Keynesian framework. We derive a novel analytical condition … of the propagation properties of these models under household heterogeneity, but there is a catch: for aggregate-demand … with the data. Adding physical capital investment to the model can resolve this conundrum, generating aggregate-demand …
Persistent link: https://www.econbiz.de/10014337850
This paper characterizes the transition dynamics of a continuous-time neoclassical production economy with capital accumulation in which households face idiosyncratic income risk and cannot commit to repay their debt. Therefore, even though a full set of contingent claims that pay out...
Persistent link: https://www.econbiz.de/10015056206
The purpose of this paper is to conduct a theoretical and empirical analysis of the nexus between long-term care insurance (LTCI), formal care, informal (family) care, and bequests. In our empirical analysis, we use micro data from the Japan Household Panel Survey on Consumer Preferences and...
Persistent link: https://www.econbiz.de/10014635707
of structural state-dependence in consumer demand. Auxiliary instruments and economically-motivated restrictions can …
Persistent link: https://www.econbiz.de/10015072935