We develop a probit choice model under optimal sequential search and apply it to the study of aggregate demand of consumer durable goods. In our joint model of search and choice, we derive a semi-closed form expression for the probability of choice that obeys the full set of restrictions imposed...

To tackle rising obesity rates, countries such as UK, Mexico, France, Hungary, as well as some states of the United States, have introduced taxes on snacks with high-sugar content. These are commonly known as “sugar taxes”. A large part of consumption of the snacks targeted by these taxes,...

We quantify the extent to which lottery spending, play timing, game choice, and number selection vary with players' level of income, and how such variations affect their earnings and ticket retailers' revenues. While prior research has shown that poorer consumers spend a higher proportion of...