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Earnings, Consumption and Lifecycle Choices
Meghir, Costas - 2010
We discuss recent developments in the literature that studies how the dynamics of earnings and wages affect consumption … choices over the life cycle. We start by analyzing the theoretical impact of income changes on consumption - highlighting the … role of persistence, information, size and insurability of changes in economic resources. We next examine the empirical …
Persistent link: https://www.econbiz.de/10013144744
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Earnings, Consumption and Lifecycle Choices
Meghir, Costas - 2010
We discuss recent developments in the literature that studies how the dynamics of earnings and wages affect consumption … choices over the life cycle. We start by analyzing the theoretical impact of income changes on consumption - highlighting the … role of persistence, information, size and insurability of changes in economic resources. We next examine the empirical …
Persistent link: https://www.econbiz.de/10012462738
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Is publishing country-of-design information beneficial for MNCs?
Genç, Ebru; Wang, Shih-Ching - In: Journal of international consumer marketing 29 (2017) 5, pp. 278-292
Persistent link: https://www.econbiz.de/10011809516
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How do expectations about the macroeconomy affect personal expectations and behavior?
Roth, Christopher; Wohlfart, Johannes - 2018
response to the forecasts, extrapolate to expectations about their personal economic circumstances and adjust their consumption … exposure to macroeconomic risk, consistent with sticky information models in which people are inattentive, but understand how …
Persistent link: https://www.econbiz.de/10011877783
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How do expectations about the macroeconomy affect personal expectations and behavior?
Roth, Christopher; Wohlfart, Johannes - 2018
response to the forecasts, extrapolate to expectations about their personal economic circumstances and adjust their consumption … exposure to macroeconomic risk, consistent with sticky information models in which people are inattentive, but understand how …
Persistent link: https://www.econbiz.de/10011937404
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The Optimal Mechanism for Selling to Budget-Constrained Consumers.
Che, Y.K.; Gale, I. - Wisconsin Madison - Social Systems - 1996
This paper finds an optimal mechanism for selling an indivisible good to consumers who may be budget-constrained. Unlike the case where buyers are not budget constrained, a single posted price is not typically optimal. An optimal mechanism generally consists of a continuum of lotteries indexed...
Persistent link: https://www.econbiz.de/10005200406
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Sunspot Equilibria in Finite Horizon Models with Incomplete Markets.
Hens, T. - Département et Laboratoire d'Économie Théorique … - 1992
Persistent link: https://www.econbiz.de/10005212136
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STRATEGIC PRICING AND INFORMATIVE ADVERTISING.
BOYER, M.; MOREAUX, M. - Centre Interuniversitaire de Recherche en Économie … - 1990
Persistent link: https://www.econbiz.de/10005353103
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rational inattention
Wiederholt, Mirko - Palgrave Macmillan
Economists have studied for a long time how decision-makers allocate scarce resources. The recent literature on rational inattention studies how decision-makers allocate the scarce resource attention. The idea is that decision-makers have a limited amount of attention and have to decide how to...
Persistent link: https://www.econbiz.de/10009395648
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The Competition for Attention and the Evolution of Science
Thorngate, Warren; Liu, Jing; Chowdhury, Wahida - In: Journal of Artificial Societies and Social Simulation 14 (2011) 4, pp. 17-17
Whenever the amount of information produced exceeds the amount of attention available to consume it, a competition for … attention is born. The competition is increasingly fierce in science where the exponential growth of information has forced its …
Persistent link: https://www.econbiz.de/10009358511