Gicheva, Dora; Hastings, Justine; Villas-Boas, Sofia B - Department of Agricultural and Resource Economics, … - 2008
This paper examines the importance of income effects in purchase decisions for every-day products by analyzing the effect of gasoline prices on grocery expenditures. Using detailed scanner data from a large grocery chain as well as data from the Consumer Expenditure Survey (CES), we show that...