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Many consumption prices are highly volatile. It would certainly overburden our cognitive system to fully adjust to all … constant budget share for a specific consumption commodity, like a vocation, or of a constantconsumption amounty for low …
Persistent link: https://www.econbiz.de/10005609502
Persistent link: https://www.econbiz.de/10005633635
We study the optimal consumption behavior under the set of assumptions associated with the permanent income hypothesis … infinity, and show that the simple linear consumption function is no more the optimal solution of the problem under free …
Persistent link: https://www.econbiz.de/10005486800
In this paper, we seek to adapt the analysis of Moshini et al by proosing a block structure for the price parameter matrix. This approch is slightlymore restrictive in terms of constraining the substitution effects in a s ingle level demand system, and so conserves further degrees of freedom.
Persistent link: https://www.econbiz.de/10005738237
The act of choosing can influence maximizing behaviour for at least two distinct reasons: 1) process significance and 2 …, social and political behaviour. …
Persistent link: https://www.econbiz.de/10005780681
How do consumers evaluate the prestige of a person of an object? This paper proposes an empirical exploration of this question from a symbolic interactionist point of view.
Persistent link: https://www.econbiz.de/10005478989
A descriptive model of boundedly rational adoption behavior of consumers is developed. This model is based on prospect theory proposed by Kahneman and Tversky and on the discrepancy model, an adaptive learning model, often used in social psychology. It is shown that a normative model of rational...
Persistent link: https://www.econbiz.de/10005780034
This paper reports on using television and internet communication as a means of engaging the least interested sections of society with respect to environmental problems and sustainability issues. The theory behind developing such communication is described and the importance of social...
Persistent link: https://www.econbiz.de/10005670828
Este trabajo tiene por objeto hacer un análisis de la cuantía y evolución que el consumo privado realizado en cada uno de los ocho grupos en que las National Accounts de la OCDE clasifican el gasto total, han tenido durante el período 1970 a 1994. Se han considerado diez países de la Unión...
Persistent link: https://www.econbiz.de/10005774266
Persistent link: https://www.econbiz.de/10005625386