period has been the theory of upward-looking consumption externalities leading to expenditure cascades. We propose a … parsimonious model of upward-looking consumption at the micro level mediated by perception networks with empirically plausible … knowledge, our approach is the first to make the reference group to which conspicuous consumption relates explicit. Our model …

hand, we try to identify the consequences of such process in the evolution of income and consumption inequalities. The … determinants of consumer behaviour, namely, on consumption, saving and debt. The empirical study consists of a descriptive analysis …) and the savings rates. Second, we compare the values and temporal evolution of income and consumption inequalities. The …

therefore the emergence of financial crises. This paper examines the long-run effect of income inequality on consumption … specific economies. The analysis indicates that higher income inequality has a detrimental impact on consumption and is …

We study an Agent-based model of household-bank relationships where households borrow for the purpose of consumption …. Desired consumption is driven by households disposable income as well as a social norm of consumption. If households care … conduct several computational experiments, where the absence of the social consumption norm (Joneses effect) functions as …