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Georgiou, Miltiades N. - 2017

Since household consumption depends among others on income, it will be of interest to examine the change of household consumption structure due to income changes. This will be useful to supply chain management as well as policy makers. Our sample refers to Western Europe, USA and Japan during...

Persistent link: https://www.econbiz.de/10012942056

Does Consumer Confidence Forecast Household Expenditure? A Sentiment Index Horse Race

Bram, Jason - 2009

This article is the first formal investigation of consumer attitudes that compares the forecasting power of the University of Michigan's Index of Consumer Sentiment and the Conference Board's Consumer Confidence Index. The authors find that measures available from the Conference Board have both...

Persistent link: https://www.econbiz.de/10012766873

The Road to Rationalization : A History of 'Where the Empirical Lives' (or Has Lived) in Consumer Choice Theory

Hands, D. Wade - 2016

choice theory. There has been general agreement among economists that each stage in the development of the theory – from … theory's empirical content (how the theoretical terms of the theory make contact with the empirical or observational), and … choice theory is at any stage in the process. I call this the problem of observational ambiguity. The paper historically …

Persistent link: https://www.econbiz.de/10013003630

A Consumer and Social Welfare Model Based on the Writings of Shibani (750-805 Ad, 131-189 Ah)

Ghassan, Hassan Belkacem - 2018

The work analyses the writings of Shibani, considering their relevance for contemporary Islamic economics. The novelty of Shibani's earnings model is its integration of Zakat and other social giving in the social welfare function, which makes the consumer utility a multi-dimensional devotional,...

Persistent link: https://www.econbiz.de/10012930493

Parental Paternalism and Patience

Kiessling, Lukas; Chowdhury, Shyamal; … - 2021

We study whether and how parents interfere paternalistically in their children’s intertemporal decision-making. Based on experiments with over 2,000 members of 610 families, we find that parents anticipate their children’s present bias and aim to mitigate it. Using a novel method to measure...

Persistent link: https://www.econbiz.de/10013241960

Parental Paternalism and Patience

Kiessling, Lukas; Chowdhury, Shyamal; … - 2021

We study whether and how parents interfere paternalistically in their children's intertemporal decision-making. Based on experiments with over 2,000 members of 610 families, we find that parents anticipate their children's present bias and aim to mitigate it. Using a novel method to measure...

Persistent link: https://www.econbiz.de/10013250780

Using Experimental Method to Elicit Consumer Preferences for Public Decision

Robin, Stéphane; Rozan, Anne; Ruffieux, Bernard - 2011

Individual preferences must be evaluated to take into account the citizens' interests for public decisions. Usually, economists assess individual preferences through market decisions. But more often, public decisions impact goods without market prices. Without a market to refer to, evaluating...

Persistent link: https://www.econbiz.de/10014223152

Inattentive Consumers

Reis, Ricardo - 2005

This paper studies the consumption decisions of agents who face costs of acquiring, absorbing and processing information. These consumers rationally choose to only sporadically update their information and re-compute their optimal consumption plans. In between updating dates, they remain...

Persistent link: https://www.econbiz.de/10014067853

Home Production with Time to Consume

Bednar, William; Pretnar, Nick - 2022

We construct a general equilibrium model with home production where consumers choose how to spend their off-market time using market consumption purchases. The time-intensities and productivities of different home production activities determine the degree to which variation in income and...

Persistent link: https://www.econbiz.de/10013300824

Productive Play Time : The Effect of Practice on Consumer Demand for Hedonic Experiences

Murray, Kyle B.; Bellman, Steven - 2013

In this paper we explain how practice, prior knowledge and task difficulty interact to affect demand for hedonic experiences. As predicted by the human capital model, we propose that the key determinant of demand for hedonic experiences is the increase in performance efficiency that can be...

Persistent link: https://www.econbiz.de/10014045153