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Although the in uence of exceptional weather on individual behaviour has already been acknowledged in finance …, psychology, and marketing, the literature examining weather effects at more aggregate level is still limited. Further, there is a … lot of anecdotal evidence that weather anomalies affect consumer spending and retail business. The main aim of this …
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We provide the first cross-sectoral description of local consumption markets. Detailed credit card data show consumers have limited mobility and manage the spatial dimension of their transactions. In more frequently purchased sectors, expenditure declines faster with distance; further, the spatial...
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