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Summary The tendency of sectoral demand to satiate has long been argued to be a key driver of the structural change in an economy (Pasinetti 1981; Saviotti 2001). This literature raises the question as to what extent cross-sectional patterns of household expenditure can be used to make inferences...
Persistent link: https://www.econbiz.de/10014609510
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Summary How does the consumer’s predisposition to seek arousing new sensations affect their tendency to accumulate knowledge about consumption activities? Using recent insights about the dynamic interaction of learning mechanisms that are part of the individual’s genetic endowment, we argue...
Persistent link: https://www.econbiz.de/10014609424
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Purpose The purpose of this paper is to test whether household preferences satisfy the assumption of base-independence, to examine the effects of household income on equivalence scales and thereby food consumption economies of scale and to examine how far conventional poverty rates require...
Persistent link: https://www.econbiz.de/10014807171