In a model of rational agent choice, in which agents value consumption and leisure as well as health, we establish that … (benefit) of achieving health. Observed positive trends in adult weight, brought on by higher levels of consumption and lower … individuals, unconstrained by concerns of income or time, can and will choose levels of consumption and leisure that exceed their …

proposed. These expectation adjustments generate highly heterogenous consumption responses to income windfalls: many households … previous explanations for these effects, including consumption adjustment cost and liquidity constraints. At the aggregate … level, consumption is less sensitive to expansionary policies during recessions and its excess smoothness varies …

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

technological change, firm organisation, income distribution, consumption behaviour and growth. The analysis performed on the …

collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a … nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The … same non-testability conclusion holds for privateness (with or without externalities) or publicness of consumption. By …

, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the correlation between …

on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor …

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 …

's desire to tilt, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the …