"memorable" goods. A good is memorable if a consumer can draw current utility from its past consumption experience through memory … memorable goods consumption may also impact future utility through the accumulation process of the stock of memory. In our model …We propose a new classification of consumption goods into nondurable goods, durable goods and a new class which we call …

We propose a new category of consumption goods, memorable goods, that generate a flow of utility after consumption. We … analyze an otherwise standard consumption model that distinguishes memorable goods from other nondurable goods. Consumers … optimally choose lumpy consumption of memorable goods. We empirically document differences between levels and volatilities of …

We propose a new category of consumption goods, memorable goods, that generate a flow of utility after consumption. We … analyze an otherwise standard consumption model that distinguishes memorable goods from other nondurable goods. Consumers … optimally choose lumpy consumption of memorable goods. We then empirically document significant differences between levels and …

"memorable" goods. A good is memorable if a consumer can draw current utility from its past consumption experience through memory … memorable goods consumption may also impact future utility through the accumulation process of the stock of memory. In our model …We propose a new classification of consumption goods into nondurable goods, durable goods and a new class which we call …

“memorable" goods. A good is memorable if a consumer can draw current utility from its past consumption experience through memory … memorable goods consumption may also impact future utility through the accumulation process of the stock of memory. In our model …We propose a new classification of consumption goods into nondurable goods, durable goods and a new class which we call …

We propose a new category of consumption goods, memorable goods, that generate a utility flow even after physical … consumption. Empirically, memorable goods expenditures exhibit frequent zero monthly purchases and lumpy expenditure spikes …. Memorable goods expenditures are 20% the size of nondurable expenditures, but twice as volatile. We then develop a consumption …