We propose a consistent utility-based framework to jointly explain a household's decisions on purchase incidence, brand …

that theory predicts an inversion when consumers are either risk or loss averse. In those cases, an increase in price …

This paper introduces a model of limited consumer attention into an otherwise standard new trade theory model with love …

each car owned by the household -- own and cross-price effects of increases in fuel costs per kilometre. The empirical … results show that failure to capture substitution between cars within the household can result in substantial misspecification … the position of the most fuel efficient car in the household, suggesting that households" fuel efficiency choices are …

to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and … systematic relations with observables point toward well-understood mechanisms from existing theory and should be useful to …