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Financial returns to household inventory management

Baker, Scott; Johnson, Stephanie; Küng, Lorenz - 2020

, they choose to maintain liquid savings – household working capital – not just for precautionary motives but also to support …

Persistent link: https://www.econbiz.de/10012271205

A note on the welfare of a sophisticated time-inconsistent decision-maker

Kodritsch, Sebastian - 2015

I examine the circumstances under which a sophisticated time-inconsistent decisionmaker (i) will not or (ii) need not severely miscoordinate her behavior across time, in the sense of following a course of action which fails to be Pareto-optimal for the sequence of temporal selves of the...

Persistent link: https://www.econbiz.de/10010478990

Nudges and Welfare : Optimal Behavioural Policy with Decision Costs

Chesterley, Nicholas - 2015

The complexity of the modern world imposes significant cognitive and material costs on consumers. This paper models decision costs to better describe and understand the effects of behavioural policy, and finds that, similar to traditional economic policy, behavioural policies can create welfare...

Persistent link: https://www.econbiz.de/10013027871

Two extensions of consumer surplus

Corchón, Luis C.; Torregrosa-Montaner, Ramón J. - In: SERIEs : Journal of the Spanish Economic Association 13 (2022) 3, pp. 557-579

We study consumer surplus in a single market when (a) there is a lower bound in the consumption of the outside good and (b) the weights in the social welfare function given to consumers and firms are different. We assume quasilinear utility. When the lower bound constraint on the consumption of...

Persistent link: https://www.econbiz.de/10013459931

Intrahousehold resource allocation and individual poverty: assessing collective model predictions against direct evidence on sharing

Bargain, Olivier; Lacroix, Guy; Tiberti, Luca - 2021

-capita expenditures and ignore the extent of within-household inequality. Recent advances in the estimation of collective models suggest … stability upon exclusive goods across individuals or household types) and the observation of exclusive goods. So far, the …

Persistent link: https://www.econbiz.de/10012519216

Household Consumption When the Marriage is Stable

Cherchye, L. - 2014

We develop a novel framework to analyze the structural implications of the marriage market for household consumption … patterns. We start by defining a revealed preference characterization of efficient household consumption when the marriage is … observation per household and individual preferences are heterogeneous across households. In addition, the characterization allows …

Persistent link: https://www.econbiz.de/10013055894

Household Consumption When the Marriage is Stable

Cherchye, L. - 2014

Persistent link: https://www.econbiz.de/10013056489

Relational Contracts, Taxation and the Household

Apps, Patricia F. - 2009

This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a … specialisation and exchange which exists in the household. The household's choice of a particular solution from the resulting … feasible set is found by the maximisation of a household welfare function, a generalisation of a suggestion originally made by …

Persistent link: https://www.econbiz.de/10013159339

Collective labour supply: heterogeneity and nonparticipation

Blundell, Richard W.; Chiappori, Pierre-André; Magnac, … - 2005

We present identification and estimation results for the collective model of labour supply in which there are discrete choices, censoring of hours and nonparticipation in employment. We derive the collective restrictions on labour supply functions and contrast them with restrictions implied by...

Persistent link: https://www.econbiz.de/10010332988

Household debt in different age cohorts : a multilevel study

Haq, Wajiha; Ismail, Noor Azina; Satar, NurulHuda Mohd - In: Cogent economics & finance 6 (2018) 1, pp. 1-16

There is a need to identify household debt behaviour in different age cohorts even in countries without prominent … household debt problems so that the measures for vulnerable groups can be made. Authors used multilevel mixed effect analysis to …–2013) based on stratified sampling design was used. Household debt in mature workers was higher than youth whereas debt of older …

Persistent link: https://www.econbiz.de/10011905183