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Price and Income Elasticities of Residential Water Demand: Why Empirical Estimates differ
Dalhuisen, Jasper M.; Florax, Raymond J.G.M.; de Groot, … - 2001
This paper presents a meta-analysis of variations in price and income elasticities of residential water demand … synthesize research results on price and income elasticities of residentialwater demand report in the literature. These … empirical estimates of the price and income elasticity ofresidential water demand vary to such considerable extents. The set of …
Persistent link: https://www.econbiz.de/10010324973
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Loyalty Programs and Consumer Behaviour: The Impact of FFPs on Consumer Surplus
Behrens, Christiaan; McCaughey, Nathalie - 2015
Frequent Flier Programs (FFPs) are said to impact airline consumer behaviour such that revenue of sponsoring airlines increases. Prior research relies on aggregate industry data to study FFPs. We examine the impact of FFPs on individual consumer behaviour in a quasi-natural experimental set-up...
Persistent link: https://www.econbiz.de/10011288391
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Homothetic Efficiency and Test Power: A Non-Parametric Approach
Heufer, Jan; Hjertstrand, Per - 2015
We provide a nonparametric revealed preference approach to demand analysis based on homothetic efficiency. Homotheticity is a useful restriction but data rarely satisfies testable conditions. To overcome this we provide a way to estimate homothetic efficiency of consumption choices. It...
Persistent link: https://www.econbiz.de/10011288415
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That's Just - Not Fair: Gender Differences in Notions of Justice
Becker, Nicole; Häger, Kirsten; Heufer, Jan - 2015
In Becker et al. (2013a,b), we proposed a theory to explain giving behaviour in dictator experiments by a combination of selfishness and a notion of justice. The theory was tested using dictator, social planner, and veil of ignorance experiments. Here we analyse gender differences in preferences...
Persistent link: https://www.econbiz.de/10011403563
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The Value of Statistical Life in Road Safety: A Meta-Analysis
de Blaeij, Arianne; Florax, Raymond J.G.M.; Rietveld, Piet - 2000
Accident costs are an important component of the external costs of traffic, a substantial part of whichis related to fatal accidents. The evaluation of fatal accident costs crucially depends on theavailability of an estimate for the economic value of a statistical life. The aim of the...
Persistent link: https://www.econbiz.de/10010324608
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A Dynamic Utility Maximization Model for Product Category Consumption
van Oest, Rutger; Franses, Philip Hans; Paap, Richard - 2002
It is conceivable that the whether to buy and how much tobuy decisions in the purchasing process of households areinfluenced by the inventory process. In this paper we thereforeput forward a model for consumption, where we rely on establishedeconomic theory. We incorporate this model in a model...
Persistent link: https://www.econbiz.de/10010324771
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Risk Aversion and the Subjective Time Discount Rate: A Joint Approach
van Praag, Bernard M.S.; Booij, Adam S. - 2003
are negativelycorrelated with a correlation coefficient of -.3. Furthermore we explain ? and ? by income,age, gender …
Persistent link: https://www.econbiz.de/10010324926
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Non-take-up of Tax-favored Savings Plans: Are Household Portfolios Optimal?
Alessie, Rob; Hochguertel, Stefan; van Soest, Arthur - 2001
Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer-sponsored savings plans (ESSPs). Under some conditions and up to a certain amount, the contributions to this planare tax-deductible, and the returns as well as the withdrawals are...
Persistent link: https://www.econbiz.de/10010324947
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A Joint Framework for Category Purchase and Consumption Behavior
van Oest, Rutger; Paap, Richard; Franses, Philip Hans - 2002
We propose a consistent utility-based framework to jointly explain a household's decisions on purchase incidence, brand choice and purchase quantity. The approach differs from other approaches, currently available in the literature, as it is able to take into account consumption dynamics. In the...
Persistent link: https://www.econbiz.de/10010324989
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Who wants Safer Streets? Explaining Concern for Public Safety in Brazil
Pradhan, Menno; Ravallion, Martin - 2001
positive own-income effect, but a negative neighborhood-income effect; living in a poor area increases concern for public … safety at given own-income. Theown-income effect is nonlinear, such that inequality attenuates the aggregate concern for …
Persistent link: https://www.econbiz.de/10010325008