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Persistent link: https://www.econbiz.de/10011011646
We conducted an experiment to collect data on consumption decisions made by children of different age categories. In particular, our experiment involves unsophisticated discrete consumption choices,and we present a rationality test that is specially designed for the resulting choice data. Our...
Persistent link: https://www.econbiz.de/10010826341
We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a Collective Axiom of Revealed Preference (CARP), which provides...
Persistent link: https://www.econbiz.de/10012723215
We provide a nonparametric characterization of a general collective model for multi-person household consumption, which includes externalities and public goods. We derive the minimum number of commodities and observations that enable the falsification of this general model for aggregrate...
Persistent link: https://www.econbiz.de/10012737233
We propose a method to quantify the willingness-to-pay for the consumption of others in group decisions. Our method is based on revealed preference theory. It measures willingness-to-pay for others' consumption by evaluating positive consumption externalities in monetary terms. Within the...
Persistent link: https://www.econbiz.de/10010907845
We use experimental data to analyze consumption decisions by groups of individuals who have to reach a consensus on spending a joint budget. Our experiment involves dyads (i.e. two-member groups) who have to compose consumption bundles consisting of three commodities (wine, orange juice and...
Persistent link: https://www.econbiz.de/10010867585
Ego depletion, the observation that self‐regulation reduces subsequent self‐regulation, is a remarkably robust phenomenon, and the generalization to the consumer domain appears undisputable. Contrary to most other self‐regulatory situations, however, consecutive self‐regulatory decisions in...
Persistent link: https://www.econbiz.de/10009321429
Persistent link: https://www.econbiz.de/10007264724
Persistent link: https://www.econbiz.de/10008312259
We compare the empirical performance of unitary and collective labor supply models, using representative data from the Dutch DNB Household Survey. We conduct a nonparametric analysis that avoids the distortive impact of an erroneously specified functional form for the preferences and/or the...
Persistent link: https://www.econbiz.de/10012733870