We correct an analysis by Isik (2004) regarding the effects of uncertainty on the WTA-WTP gap. Isik presents as his primary result a proposition that the introduction of uncertainty regarding environmental quality improvements causes WTA to increase and WTP to decrease by identical amounts...

Relying on ISAE Italian data on consumers' unemployment expectations, we analyse the process of unemployment expectations formation across different socio-economic groups, distinguished according to their working condition. We find that employees are unable to correctly incorporate the effects...

Relying on ISAE Italian data on consumers' unemployment expectations, we analyse the process of unemployment expectations formation across different socio-economic groups, distinguished according to their working condition. We find that employees are unable to correctly incorporate the effects...

This note analyzes the effect of a change in the covariance between labor income risk and interest rate risk on the threshold level for prudence ensuring positive precautionary saving, recently derived by Baiardi, Magnani and Menegatti (2014). We show that this effect is different in different...

Using a homogeneous and continuous utility function to represent a household's preferences, we show explicit algebraic ways to go from the indirect utility function to the expenditure function and from the Marshallian demand to the Hicksian demand and vice versa, without the need of any other...

This paper explores the determinants of the heterogeneity in the expenditure behaviors of the Italian households, using the Households Expenditure Survey provided by the Italian National Institute of Statistics (ISTAT) for the year 2005. We assume that differences among consumers are associated...

This study uses a new nationally representative dataset (National Financial Capability Study, 2009) to examine the association between individuals' financial literacy and their high-cost borrowing decisions. The results indicate that financial literacy is indeed negatively associated with...

We ask how the strength of the link from values and attitudes and to pro-environmental behaviour varies across different consumption domains. We base our analysis on a survey of the Norwegian population, focusing on values, attitudes, and pro-environmental behaviour relating to waste, food,...

Habit formation in consumption has important implications for the effects of macroeconomic policies. Using micro data from the Japanese Panel Survey of Consumers (JPSC) for the period 1998-2004, an Euler equation à la Dynan (2000) allowing for time-nonseparablity in consumer preferences is...

The current study examines the political economy of collegiate dating markets by employing institution-level data from the national colleges and universities included in U.S. News & World Report's Best Colleges 2012. This is a more comprehensive sample than has been used in previous studies and...