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

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

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 …

establishedeconomic theory. We incorporate this model in a model forpurchase behavior. Our consumption specification, which isderived from …