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Persistent link: https://www.econbiz.de/10001515104
from investigations based on economic theory. The study sets out to fill the gap with an estimate based on the now …
Persistent link: https://www.econbiz.de/10010494363
In this paper we analyze whether people who spend money on experiences rather than material things are more satisfied. Previous psychological studies have several drawbacks, and therefore their results might be biased and unreliable. Trying to avoid these drawbacks in this research we use...
Persistent link: https://www.econbiz.de/10010494584
This paper applies revealed preference theory to the nonparametric statistical analysis of consumer demand. Knowledge … which to examine the consistency of household level data and revealed preference theory. An application is made to a long … revealed preference theory is examined. For periods of consistency with revealed preference, tight bounds are placed on true …
Persistent link: https://www.econbiz.de/10005749512
n this paper we analyze whether people who spend money on experiences rather than material things are more satisfied. Previous psychological studies have several drawbacks, and therefore their results might be biased and unreliable. Trying to avoid these drawbacks in this research we use...
Persistent link: https://www.econbiz.de/10010354625
from investigations based on economic theory. The study sets out to fill the gap with an estimate based on the now … those with several children. -- consumption theory ; consumer behaviour ; demand system ; price index ; consumption unit …
Persistent link: https://www.econbiz.de/10003721593
Elias Khalil's "Information, Knowledge and the Close of Friedrich Hayek's System," argues that an internal contradiction exists within Hayek's political economy relating to his use of information and knowledge. As a result, Khalil argues that neither Hayek's critique of planning nor his defense...
Persistent link: https://www.econbiz.de/10005641860
Over the past two decades, an enormous amount of work has been done to improve the Expected Utility model. Two areas have attracted major attention: the possibility of describing unforeseen contingencies and the need to accomodate the kind of behavior ref
Persistent link: https://www.econbiz.de/10005812177
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