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Conspicuous consumption in the United States and China

Jinkins, David - 2014

I develop a model of conspicuous consumption to empirically measure the importance of peer beliefs to Americans and Chinese. In the model, a consumer cares not only about the direct utility she receives from consumption, but also about the way her consumption pattern affects her peer group's...

Persistent link: https://www.econbiz.de/10010381891

Rational addiction and time consistency : an empirical test

Piccoli, Luca; Tiezzi, Silvia - 2020

This paper deals with one of the main empirical problems associated with the rational addiction theory, namely that its … addiction equation cannot distinguish between time consistency and inconsistency in preferences. We show that an encompassing … general specification of the rational addiction model embeds the possibility of testing for time consistent versus time …

Persistent link: https://www.econbiz.de/10012160910

Why do people pay for useless advice? : implications of gambler's and hot-hand fallacies in false-expert setting

Powdthavee, Nattavudh; Riyanto, Yohanes Eko - 2012

We investigated experimentally whether people can be induced to believe in a non-existent expert, and subsequently pay for what can only be described as transparently useless advice about future chance events. Consistent with the theoretical predictions made by Rabin (2002) and Rabin and Vayanos...

Persistent link: https://www.econbiz.de/10009537573

The effects of lottery prizes on winners and their neighbors : evidence from the Dutch Postcode Lottery

Kuhn, Peter Joseph; Kooreman, Peter; Soetevent, Adriaan R. - 2010

Each week, the Dutch Postcode Lottery (PCL) randomly selects a postal code, and distributes cash and a new BMW to lottery participants in that code. We study the effects of these shocks on lottery winners and their neighbors. Consistent with the life-cycle hypothesis, the effects on winners’...

Persistent link: https://www.econbiz.de/10003965650

Kinky choices, dictators and split might : a non-cooperative model for household consumption and labor supply

Boone, Jan; Wiel, Karen van der; Vermeulen, Frederic - 2009

It is unlikely that husbands and wives always agree on exactly what public goods to buy. Nor do they necessarily agree on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor supply behavior of a couple in a non-cooperative setting...

Persistent link: https://www.econbiz.de/10003872703

Relative concerns for consumption at the top : an intertemporal analysis for the UK

Quintana-Domeque, Climent; Wohlfart, Johannes - 2014

This paper investigates whether the consumption of rich households provides a reference point in the consumption choices of non-rich households from an intertemporal perspective. Using UK household data on food consumption, we estimate the Euler equation implied by a life-cycle model...

Persistent link: https://www.econbiz.de/10010409785

The response of consumption in Russian households to economic shocks

Stillman, Steven - 2001

This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During the time period studied in this paper (1994-1998), Russia experienced two major economic crises. Both featured extreme movements in the real ruble-dollar exchange rate. The price...

Persistent link: https://www.econbiz.de/10011405709

Gender difference in household consumption : some convergence over three decades

O'Donoghue, Cathal; Doorley, Karina; Sologon, Denisa M. - 2024

The cost-of-living crisis has increased attention on consumption and how it differs for particular societal groups. There is much theoretical evidence that consumption patterns of men and women should differ, but the empirical evidence is scant, due in part to the availability of...

Persistent link: https://www.econbiz.de/10014495724

Famous after death : the effect of a writer's death on book sales

Ponzo, Michela; Scoppa, Vincenzo - 2022

In the standard neoclassical model consumers use all the available information and the demand for goods depends exclusively on preferences and prices whereas other spurious information do not play any role. In the market for books, we investigate if - in contrast to the standard model - the...

Persistent link: https://www.econbiz.de/10013346977

Consumer search costs and preferences on the internet

Jolivet, Grégory; Turon, Hélène - 2014

We analyse consumers' search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price dispersion among adverts for the same product. We also show...

Persistent link: https://www.econbiz.de/10010436160

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