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 …

preferences and in the determination of optimal consumption and optimal bequests. We show how the consumption paths of dynasties … ; dynasties ; evolution of consumption ; evolution of bequests …

We propose a novel structural method to empirically identify economies of scale in household consumption. We assume … collective households with consumption technologies that define the public and private nature of expenditures through Barten … scales. Our method recovers the technology by solely exploiting preference information revealed by households' consumption …

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

We model consumption and labor supply behavior of a couple in a non-cooperative setting. Using minimal assumptions, we …

effects on domestic consumption. Such effects may not be accurately detected and measured in a classical permanent …-income model without considering consumption habit formation as pointed out by Nishiyama (2005). To resolve this problem, this … paper employs an extended permanent-income model which encompasses consumption habit formation. Both cointegration analysis …

We study collective decisions by time-discounting individuals choosing a common consumption stream. We show that with …

This paper studies consumption and labor supply in a model where agents have partial insurance and face risk and … consumption are solved for analytically. We prove that all parameters of the structural model are identified given panel data on … wages and hours, and cross-sectional data on consumption. The model is estimated on US data. Second moments involving hours …