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In this paper we study consumption network effects. Does the consumption of our peers affect our own consumption? How large is such effect? What are the economic mechanisms behind it? We use long panel data on the entire Danish population to construct a measure of consumption based on...
Persistent link: https://www.econbiz.de/10012988501
restrictions that the theory imposes on the joint behavior of consumption and income growth, and combining realizations and …
Persistent link: https://www.econbiz.de/10013147962