establishedeconomic theory. We incorporate this model in a model forpurchase behavior. Our consumption specification, which isderived from …

We propose a consistent utility-based framework to jointly explain a household's decisions on purchase incidence, brand …

This paper investigates the importance of status in household consumption and financial decisions using household data … evidence that a household's income rank — its position in the income distribution relative to its close neighbors — is … household's portfolio. More aggregate county-level evidence based on a dataset of every new car sold in each county in the …

spending from 2009 through 2012 that also allow us to control for household heterogeneity. We find that durables spending …

find that through bulk purchasing the average household could spend 8.9% less on observed quantities (or consume 15.6% more …

theory of revealed preference with the semiparametric estimation of consumer expansion paths (Engel curves). We label these …

discriminate, and test the theory on complementary goods pricing. Finally, based on counter factual analysis, forcing separate …