This paper presents a model of consumption and household production that takes into account substitution between health … related to marriage markets that could help explain consumption, including demand for medical care and good nutrition. These …

profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities … are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities …

We extend the classic Merton (1969, 1971) problem that investigates the joint consumption-savings and portfolio … preferences as in Harris and Laibson (2013) and find closed-form solutions for Merton's optimal consumption and portfolio …

profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities … are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities. …

This paper presents a model of consumption and household production that takes into account substitution between health … related to marriage markets that could help explain consumption, including demand for medical care and good nutrition. These …

able to take into account consumption dynamics. In the model, households derive utility from consumption, and they relate … their purchase behavior to consumption planning. We illustrate our model for yogurt purchases, and show that our model …

production and consumption, on long run economic growth and income distribution. To accomplish with such a broad aim, we develop … income of workers/consumers; and (iii) the consequent changes in consumption patterns. The model thus articulates the links … consumption patterns on the demand side. We first analyse the model's properties, via numerical simulations, for a given setting …

This paper finds declining consumption expenditure between paydays, for a typical household in the working population …