Showing 41 - 50 of 179
This paper investigates empirically the consumer demand of environmentally relevant goods for Germany, as well as their relationship to the demand for leisure. Higher prices for energy goods like gas, electricity or fuel oil due to higher indirect taxation amongst others may have serious welfare...
Persistent link: https://www.econbiz.de/10010340294
This paper investigates the impact of peer observation on the consumption decisions of rural households in Thailand using a lab-in-the-field experiment. We find that those groups that observe each other show lower within group standard deviation in their decisions. Thus, we find evidence for...
Persistent link: https://www.econbiz.de/10011434386
Persistent link: https://www.econbiz.de/10011439053
Persistent link: https://www.econbiz.de/10011442247
We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions such as those around retirement should not affect consumption. However, we first recall that given higher leisure endowments after retirement, the theory does predict a fall of...
Persistent link: https://www.econbiz.de/10011455042
We follow Fuhrer (2000) in estimating via Maximum Likelihood a log-linear consumption function on UK data. In doing so we consider various habit formation assumptions. We show that a model of purely external habits as in Fuhrer (2000) fits the UK data remarkably well, and possibly in a superior...
Persistent link: https://www.econbiz.de/10011517872
I show theoretically that applying the model of Köszegi and Rabin (2006) to a simple purchasing decision where consumers are ex-ante uncertain about the price realisation, gives - when changing the underlying distribution of expected prices - rise to counterintuitive predictions in contrast...
Persistent link: https://www.econbiz.de/10010407309
Persistent link: https://www.econbiz.de/10010424768
Persistent link: https://www.econbiz.de/10009671323
Persistent link: https://www.econbiz.de/10009298226