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The good, the bad and the worse : current, past and future consumption externalities and equilibrium efficiency
Gómez, Manuel A. - In: Journal of economics 137 (2022) 3, pp. 195-228
Persistent link: https://www.econbiz.de/10013440662
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Measuring Consumption Externalities
Randon, Emanuela - 2012
Estimation and measurement of consumption externalities are still challenging problems in applied research. In this … paper, externalities as Nash equilibrium are estimated using consumer demand theory and a large data set. We estimate Nash … equilibrium consumption externalities in petrol budget shares of households living in a metropolitan area in UK. The reaction …
Persistent link: https://www.econbiz.de/10014168029
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Measuring the willingness-to-pay for others’ consumption : an application to joint decisions of children
Bruyneel, Sabrina; Cherchye, Laurens; Cosaert, Sam; … - 2014
Persistent link: https://www.econbiz.de/10010423252
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Can consumption taxes stabilize the economy in the presence of consumption externalities?
Lloyd-Braga, Teresa; Modesto, Leonor - In: Sunspots and non-linear dynamics : essays in honor of …, (pp. 259-278). 2017
Persistent link: https://www.econbiz.de/10011850401
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Measuring the willingness-to-pay for others’ consumption : an application to joint decisions of children
Bruyneel, Sabrina; Cherchye, Laurens; Cosaert, Sam; … - In: Quantitative economics : QE ; journal of the … 8 (2017) 3, pp. 1037-1082
evaluating consumption externalities in monetary terms. We introduce an al- truism parameter and an inequality aversion parameter …. Each parameter defines a continuum of models characterized by varying degrees of externalities. We study the empirical …
Persistent link: https://www.econbiz.de/10011801805
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Measuring the willingness-to-pay for others' consumption : an application to joint decisions of children
Bruyneel, Sabrina; Cherchye, Laurens; Cosaert, Sam; … - In: Quantitative economics : QE ; journal of the … 8 (2017) 3, pp. 1037-1082
Persistent link: https://www.econbiz.de/10011804973
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Consumption-savings decisions under upward looking comparisons : evidence from Germany, 2002 - 2011
Drechsel-Grau, Moritz; Schmid, Kai D. - 2013
We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household data from the German Socio-Economic Panel, we estimate the causal effect of changes in reference consumption, defined as the consumption level of all households who are perceived...
Persistent link: https://www.econbiz.de/10010190171
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Consumption-savings decisions under upward-looking comparisons : conference paper
Drechsel-Grau, Moritz; Schmid, Kai D. - 2014
We demonstrate that upward-looking comparisons induce "keeping up with the richer Joneses"-behavior. Using data from the German Socio-Economic Panel, we estimate the effect of reference consumption, defined as the consumption level of all households who are perceived to be richer, on household...
Persistent link: https://www.econbiz.de/10010491182
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Advertising has got you on the run : well-being, consumption and leisure in a GE model
Fiorillo, Fabio; Lilla, Marco; Staffolani, Stefano - 2013
Persistent link: https://www.econbiz.de/10011771288
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Trade-off between consumption growth and inequality : theory and evidence for Germany
Xie, Runli - 2009
This paper examines the structure and evolution of consumption and consumption growth inequality. Once heterogeneous agents relate their neighbors' consumption to their own, consumption volatility and inequality are affected. The relationship predicted between the group average consumption...
Persistent link: https://www.econbiz.de/10003850730