multidimensional risk increases the marginal propensity to consume if and only if absolute prudence decreases with wealth, in the sense …Kimball, 1990a and Kimball, 1990b established that income risk increases the marginal propensity to consume if and only … if absolute prudence decreases. We characterize decreasing and increasing multivariate prudence and show that a …

Despite the influence of perceived risk on the decision to buy a second-hand product, very few studies address the … issue of risk reduction for a second-hand purchase. In this study, we focus on the influence of product or situational cues … controlled by online second-hand dealers on perceived risk. While the literature review suggests using the signaling theory …

This article provides an analysis of the microeconomic determinants of household savings behaviour in Morocco according … to geographical household residence. Descriptive statistics seem to indicate a similar savings pattern in both rural and … urban areas but the econometric results do not support this conclusion. Current income strongly affects the savings level in …