Showing 1 - 10 of 12,433
Persistent link: https://www.econbiz.de/10000749312
We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...
Persistent link: https://www.econbiz.de/10014372429
Rankings have become increasingly popular on various markets, e.g. the market for study programs. We analyze their welfare implications. Consumers have to choose between two goods of unknown quality with exogenous presence or absence of an unbiased informative ranking. The existence of the...
Persistent link: https://www.econbiz.de/10012457583
reveal their preferences and assess their well-being. This theory of consumer choice is empirically successful, and provides … consumer choice theory and recent developments. Following this, it reviews the newer evidence on consumer behavior, and what …
Persistent link: https://www.econbiz.de/10012459978
We present a theory of context-dependent choice in which a consumer's attention is drawn to salient attributes of goods …
Persistent link: https://www.econbiz.de/10012460712
We study the long-run evolution of brand preferences, using new data on consumers' life histories and purchases of consumer packaged goods. Variation in where consumers have lived in the past allows us to isolate the causal effect of past experiences on current purchases, holding constant...
Persistent link: https://www.econbiz.de/10012462389
This paper proposes and studies a theory of adaptive consumption behavior under income uncertainty and liquidity …
Persistent link: https://www.econbiz.de/10012463222
We consider identification of nonparametric random utility models of multinomial choice using "micro data," i.e., observation of the characteristics and choices of individual consumers. Our model of preferences nests random coefficients discrete choice models widely used in practice with...
Persistent link: https://www.econbiz.de/10012463375
theory results characterizing the properties of the nested fixed point algorithm used to evaluate the objective function of …
Persistent link: https://www.econbiz.de/10012463658
The simple one-good model of life-cycle consumption requires "consumption smoothing." According to previous results based on partial spending and on synthetic panels, British and U.S. households apparently reduce consumption at retirement. The reduction cannot be explained by the simple one-good...
Persistent link: https://www.econbiz.de/10012466612