Showing 1 - 10 of 3,317
Although the in uence of exceptional weather on individual behaviour has already been acknowledged in finance …, psychology, and marketing, the literature examining weather effects at more aggregate level is still limited. Further, there is a … lot of anecdotal evidence that weather anomalies affect consumer spending and retail business. The main aim of this …
Persistent link: https://www.econbiz.de/10011944153
Persistent link: https://www.econbiz.de/10010362778
This paper examines the impact of changes in household wealth on homeowners' consumption behavior using recent panel data of Japanese households. For an average household, we find the elasticity of consumption spending with respect to household wealth to be roughly 1.0% for housing and 1.8% for...
Persistent link: https://www.econbiz.de/10013105435
Despite average per-capita consumption of roughly $1 per day, many Tanzanian households do not take advantage of bulk discounts for staple goods. Using transaction diaries covering nearly 57,000 purchases by 1,499 households over two weeks, we find that through bulk purchasing the average...
Persistent link: https://www.econbiz.de/10011648799
We provide novel evidence that peer induced saliency bias acts as a mechanism to explain consumption peer effects. This bias occurs when consumers overweight the influence of a single, salient peer when assessing brand quality, and underweight more objective, aggregate quality data. We exploit...
Persistent link: https://www.econbiz.de/10012862696
Persistent link: https://www.econbiz.de/10009663260
; this correlation is a clear feature of the data. Using daily rain precipitation from thousands of weather stations in U …
Persistent link: https://www.econbiz.de/10012952072
Persistent link: https://www.econbiz.de/10013259422
Persistent link: https://www.econbiz.de/10012664764
We provide the first cross-sectoral description of local consumption markets. Detailed credit card data show consumers have limited mobility and manage the spatial dimension of their transactions. In more frequently purchased sectors, expenditure declines faster with distance; further, the spatial...
Persistent link: https://www.econbiz.de/10012455066