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Do demographics prevent consumer aggregates from reflecting micro-level preferences?
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2014
Most simulated micro-founded macro models use solely consumer-demand aggregates in order to estimate deep economy-wide preference parameters, which are useful for policy evaluation. The underlying demand-aggregation properties that this approach requires, should be easy to empirically disprove:...
Persistent link: https://www.econbiz.de/10010419864
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Testing for intertemporal nonseparability
Crawford, Ian; Polisson, Matthew - 2013
This paper presents a nonparametric analysis of a common class of intertemporal models of consumer choice that relax consumption independence. Within this class and in the absence of any functional form restrictions on instantaneous preferences, we compare the revealed preference conditions for...
Persistent link: https://www.econbiz.de/10009777680
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Famous after death : the effect of a writer's death on book sales
Ponzo, Michela; Scoppa, Vincenzo - 2022
In the standard neoclassical model consumers use all the available information and the demand for goods depends exclusively on preferences and prices whereas other spurious information do not play any role. In the market for books, we investigate if - in contrast to the standard model - the...
Persistent link: https://www.econbiz.de/10013346977
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Saving rates and portfolio choice with subsistence consumption
Achury, Carolina; Hubar, Sylwia; Koulovatianos, Christos - 2011
We analytically show that a common across rich/poor individuals Stone-Geary utility function with subsistence consumption in the context of a simple two-asset portfolio-choice model is capable of qualitatively and quantitatively explaining: (i) the higher saving rates of the rich, (ii) the...
Persistent link: https://www.econbiz.de/10008856389
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Do emotional carryover effects carry over?
Masters, Nikhil; Lloyd, Tim A.; Starmer, Chris - 2022
novel focus on comparing the carryovers arising from a targeted stimulus (designed to elicit a specific emotion) with those …
Persistent link: https://www.econbiz.de/10013415883
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Determinants of Health Insurance Enrollment and Health Expenditure in Ghana : An Empirical Analysis
Adjei-Mantey, Kwame; Horioka, Charles - National Bureau of Economic Research - 2022
This paper analyzes the determinants of health insurance enrollment and health expenditure in Ghana using micro data from wave 7 of the Ghana Living Standards Survey (GLSS 7) with emphasis on the role of risk preferences and the availability of health facilities in one's own community. It is...
Persistent link: https://www.econbiz.de/10013334394
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Inducing cooperation with emotion - who is affected?
Gärtner, Manja; Tinghög, Gustav; Västfjäll, Daniel - 2020
mode or were induced to rely either on emotion or reason. Cooperation was measured across a series of commonly used and … individuals who otherwise rely primarily on reason, but not among individuals who already rely primarily on emotion. These … findings suggest that individuals integrate their traits with emotion-based states by substituting their trait rather than …
Persistent link: https://www.econbiz.de/10012237149
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American older adults in the time of COVID-19 : vulnerability types, aging attitudes, and emotional responses
Fu, Mingqi; Guo, Jing; Chen, Xi; Han, Boxun; Ahmed, Farooq - 2022
With 1582 respondents from the Health and Retirement Survey (HRS), this study investigates the heterogeneity in older adults' vulnerability and examines the relationship between vulnerability types, aging attitudes and emotional responses. International Positive and Negative Affect Schedule...
Persistent link: https://www.econbiz.de/10012887268
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Consumer specialization and the Romantic transformation of the British Grand Tour of Europe
Chai, Andreas - 2010
This paper posits that significant changes in 19th century British recreational travel patterns resulted from a change in the manner in which tourists used entertaining stimuli in order to attain pleasure. Consumers no longer merely viewed arousing stimuli, but attempted to use them to produce...
Persistent link: https://www.econbiz.de/10008662905
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Commentary on Edmund Rolls: "Emotion and reason in human decision-making"
Solms, Mark - 2019
In his paper Emotion and reasoning in human decision-making (Economics Discussion Papers, No 2019-8) Edmund Rolls …
Persistent link: https://www.econbiz.de/10012035104