This paper compares a form of endogenous preferences introduced by Uzawa with additive preferences by simulating the optimal consumption response for a small open economy to permanent and temporary shocks to the world rate of interest. Uzawa preferences, by endogenising the rate of time...

This paper provides evidence showing that the insensivity of marginal commodity tax reforms to demand specification, observed in recent studies, does not extend to the non marginal case. The size of the tax change has a sharp impact on commodity tax reforms. In constrast to priceeffects, neither...

A retail market in which customers repeat purchase is considered. Customers are influenced not only by the price set by the firm, but by their level of disenchantment. Disenchantment measures the degree of customer disaffection in the customer-firm relationship. Changes in price lead to...

This paper reports on part of an investigation designed to determine if Australian consumers expend upon non-durable goods and services in an optimizing or satisficing manner. In doing so, our analysis finds empirical evidence to support the recently developed Post Keynesian model of consumer...

This paper examines inequality in Australia using four Household Expenditure Surveys (HES) between 1975/76 and 1993/94, from the Australian Burau of Statistics (ABS). The effects on inequality of the choice of welfare variable, equivalence scale and price index are examined.