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Consumption is the largest component of GDP. Since the 1950s, the life cycle and the permanent income models have constituted the main analytical tools to the study of consumption behavior, both at the micro and at the aggregate levels. Since the late 1970s the literature has focused on versions...
Persistent link: https://www.econbiz.de/10013244108
rents flow to women's sports and other men's sports and lead to increased spending on facilities, coaches' salaries, and … other athletic department personnel. Using complete roster data for every student-athlete playing sports at these schools in … collective bargaining agreements in professional sports leagues as a benchmark. We also discuss how our results help understand …
Persistent link: https://www.econbiz.de/10012824285
We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long … that the price elasticity of demand grows from –0:09 in the first six months to –0:27 two years later. We also estimate a …
Persistent link: https://www.econbiz.de/10012954912
demand using a novel compensated framework over space and an uncompensated framework over time. Our specifications pass tests … imposed by rationality and household mobility. Housing demand is income and price inelastic, and appears to fall with …
Persistent link: https://www.econbiz.de/10012979369
estimates of the price elasticity of demand for health care, and suggest that high deductible health plans may be less effective …
Persistent link: https://www.econbiz.de/10012979771
consumption data to examine how caloric requirements coupled with household expenditures shape food demand. Our applications …
Persistent link: https://www.econbiz.de/10013012388
We measure the causal effects of income and wealth on the demand for private-label products. Prior research suggests … that these effects are large and, in particular, that private-label demand rises during recessions. Our empirical analysis … effects consistent with a consumer demand model based on utility maximization. We establish a precisely measured negative …
Persistent link: https://www.econbiz.de/10013017514
Daily city-level expenditures and prices are used to estimate the price responsiveness of gasoline demand in the U ….S. Using a frequency of purchase model that explicitly acknowledges the distinction between gasoline demand and gasoline … expenditures, we consistently find the price elasticity of demand to be an order of magnitude larger than estimates from recent …
Persistent link: https://www.econbiz.de/10012988518
-constrained consumers' access to financial markets make demand insensitive to interest rate fluctuations. The demand of credit … price sector influence aggregate demand and, for monetary policy to have its desired effect, the central bank has to …
Persistent link: https://www.econbiz.de/10013133080
demand estimates. We study a new dataset from a wireless inventory system installed on 54 vending machines to track product … availability every four hours. The data allow us to account for product availability when estimating demand, and provides a … availability even when availability is only observed periodically. We find significant differences in demand estimates, with the …
Persistent link: https://www.econbiz.de/10012758419