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Heufer, Jan; Bruggen, Paul van - 2016

Varian (1988) showed that the utility maximization hypothesis cannot be falsified when only a subset of goods is observed. We show that this result does not hold under the assumptions that unobserved prices and expenditures remain constant. These assumptions are naturally satisfied in laboratory...

Persistent link: https://www.econbiz.de/10011563010

A joint framework for category purchase and consumption behavior

Oest, Rutger van; Paap, Richard; Franses, Philip Hans - 2002

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

Persistent link: https://www.econbiz.de/10011327824

Risk and loss aversion, price uncertainty and the implications for consumer search

Soetevent, Adriaan R.; Bruzikas, Tadas - 2016

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

Persistent link: https://www.econbiz.de/10011520488

Measuring tastes for equity and aggregate wealth behind the veil of ignorance

Heufer, Jan; Shachat, Jason M.; Xu, Yan - 2018

We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance. We pair portfolio and wealth distribution choice problems which have a common budget set. For a given bundle, the distribution over an individual's wealth is the same...

Persistent link: https://www.econbiz.de/10011928322

Substitution between cars within the household

De Borger, Bruno L.; Mulalic, Ismir; Rouwendal, Jan - 2013

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 …

Persistent link: https://www.econbiz.de/10010224824

SHE can't afford it and HE doesn't want it : the gender gap in the COVID-19 consumption response

Huber, Stefanie J. - 2022

This paper explores whether and why the pandemic differentially altered women and men's consumption behavior. After the 2020 wave of lockdown restrictions were lifted, women reduced consumption more than men. Data on self-reported reasons for consuming less reveals that gender differences in...

Persistent link: https://www.econbiz.de/10013175577

The COVID-19 consumption game-changer : evidence from a large-scale multi-country survey

Hodbod, Alexander; Hommes, Cars H.; Huber, Stefanie J.; … - 2021 - Version: 2021-10-17

Prospective economic developments depend on the behavior of consumer spending. A key question is whether private expenditures recover once social distancing restrictions are lifted or whether the COVID-19 crisis has a sustained impact on consumer confidence, preferences, and, hence, spending....

Persistent link: https://www.econbiz.de/10012665880