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We propose a novel structural method to empirically identify economies of scale in household consumption. We assume … collective households with consumption technologies that define the public and private nature of expenditures through Barten … scales. Our method recovers the technology by solely exploiting preference information revealed by households' consumption …
Persistent link: https://www.econbiz.de/10011543531
We propose a novel approach to model joint consumption decisions of individuals who care for each other. We assume non …-cooperative interaction between the different individuals and the within-group consumption outcome critically depends on the degree of caring … between the group members. By varying the degree of caring, the model encompasses a whole continuum of group consumption …
Persistent link: https://www.econbiz.de/10012941954
We propose a novel structural method to empirically identify economies of scale in household consumption. We assume … collective households with consumption technologies that define the public and private nature of expenditures through Barten … scales. Our method recovers the technology by solely exploiting preference information revealed by households' consumption …
Persistent link: https://www.econbiz.de/10012978770
We propose a novel structural method to empirically identify economies of scale in household consumption. We assume … collective households with consumption technologies that define the public and private nature of expenditures through Barten … scales. Our method recovers the technology by solely exploiting preference information revealed by households' consumption …
Persistent link: https://www.econbiz.de/10012982107
As households shop less frequently, food decay makes perishable food consumption more costly. Therefore, I hypothesize … variables approach on a system of equations using household panel data and conclude that fresh produce consumption and shopping … frequency on fresh produce consumption is of modest magnitude. Therefore, policy initiatives that improve access to food …
Persistent link: https://www.econbiz.de/10014129711
In this paper, we estimate consumption in the first wave of the Eurosystem Household Finance and Consumption Survey for … a subset of countries that account for around 85% of the aggregate final consumption expenditure of households in the … questions on consumption asked to households participating in the survey and information on consumption collected in the …
Persistent link: https://www.econbiz.de/10011664054
transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …
Persistent link: https://www.econbiz.de/10012733915
transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …
Persistent link: https://www.econbiz.de/10014225377
There is vast literature examining how households’ income and consumption change over the life cycle. These studies …
Persistent link: https://www.econbiz.de/10014161372
transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …
Persistent link: https://www.econbiz.de/10013325209