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on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor …
Persistent link: https://www.econbiz.de/10010277211
This paper deals with different concepts of income elasticities of demand for a heterogenous population and the relationship between individual and aggregate elasticities is analyzed. In general, the aggregate elasticity is not equal to the mean of individual elasticities. The difference depends...
Persistent link: https://www.econbiz.de/10010264907
This article considers non-unitary models of household behavior. These models suppose explicitly that households … household behavior in these models are subject to constraints that differ from the traditional Slutsky conditions. In addition …, in a certain number of specific cases, the preferences of the different household members can be identified from …
Persistent link: https://www.econbiz.de/10010269486
washing machines two approaches are compared. The first focuses in the manner of household production theory on changes in …How can economic theory explain the reasons why consumers adopt innovations? Using the example of innovations in …
Persistent link: https://www.econbiz.de/10010286759
way a single representative household would behave. This analytical approach requires that incentives of the poor and the … available at the household level, and individuals living in multimember households have the potential to share goods within the … household. The analytical approach of modern macroeconomics would require that intra-household sharing is also strictly aligned …
Persistent link: https://www.econbiz.de/10010298407
establishedeconomic theory. We incorporate this model in a model forpurchase behavior. Our consumption specification, which isderived from …
Persistent link: https://www.econbiz.de/10010324771
We propose a consistent utility-based framework to jointly explain a household's decisions on purchase incidence, brand …
Persistent link: https://www.econbiz.de/10010324989
As previously argued, the correlation between included and omitted regressors generally causes inconsistency of standard estimators for count data models. Using a specific residual function and suitable instruments, a consistent generalized method of moments estimator can be obtained under...
Persistent link: https://www.econbiz.de/10010315597
We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the … nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The …, monotonicity is testable for the model that assumes all household consumption is public. …
Persistent link: https://www.econbiz.de/10010269151
This paper posits that significant changes in 19th century British recreational travel patterns resulted from a change in the manner in which tourists used entertaining stimuli in order to attain pleasure. Consumers no longer merely viewed arousing stimuli, but attempted to use them to produce...
Persistent link: https://www.econbiz.de/10010281847