Search Results - subject_exact:"Consumption theory"

The conspicuous consumption phenomenon in Saudi Arabia

Meteb, Alotaibi Mohamed - 2024

With Saudi Arabia's tendency to implement a policy of economic openness to the world from the early 1980s, the phenomenon of conspicuous consumption (society of consumption and imitation) has increased. Due to the adoption of the concepts of economic globalization, changing consumption patterns,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015413390

A demand systems analysis of energy sources in the United States

Bakhtavoryan, Rafael - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617010

Household consumption in Colombia: a nonlinear cointegrating approach

Arango Thomas, Luis Eduardo; Flórez, Luz A.; Posada, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617560

Crowding out or Ricardian behaviour? : evidence from South Africa

Sanusi, Kazeem Abimbola; Dickason Koekemoer, Zandri - 2026

This paper examines whether government debt financing crowds out private consumption in South Africa or whether household behaviour is consistent with Ricardian equivalence. Using quarterly data from 1960Q1 to 2025Q1, the study employs a Bayesian time-varying parameter framework that...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015652204

Macro theory with measured expectations

Luetticke, Ralph; Roth, Christopher; Wiederholt, Mirko; … - 2026

The Lucas critique holds that policy evaluations based on historical correlations can fail because policy changes alter expectation formation. We develop a new approach to monetary policy evaluation that addresses this concern: we elicit expectations under alternative policy scenarios from...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654379

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Macro theory with measured expectations

Luetticke, Ralph; Roth, Christopher; Wiederholt, Mirko; … - 2026

Book / Working Paper

Macro theory with measured expectations

Luetticke, Ralph; Roth, Christopher; Wiederholt, Mirko; … - 2026

Book / Working Paper

Elasticity of marginal utility of consumption : the equal-sacrifice approach applied for the Czech Republic

Opatrný, Matěj; Ščasný, Milan - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015652850

Transitory shocks and consumption dynamics : pent-up demand or hand-to-mouth?

Brown, Martin; Hamoud, Mohamed; Toczynski, Jan - 2026 - This version: May 2026

We examine the recovery of U.S. consumer spending following the COVID-19 recession using monthly transaction data for over 34,000 individuals. We find limited evidence that cutbacks in spending on in-person services or durables during the recession generated pent-up demand. Instead, spending...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654807

Modeling the impact of demand, supply, and budget constraints on consumer preferences

Fidler, Julia; Matysiak, Łukasz - 2026

Mathematical risk modeling in a market economy has become a key tool for analyzing consumer behavior under conditions of unstable prices and shifting supply. In this study, we combine Paul Samuelson's classical theory of revealed preferences with dynamic demand and supply mechanisms, using...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015667474

Optimal consumption and investment choice with bounded memory and recursive preferences in a multi-asset setting

Kuissi-Kamdem, Wilfried; Ndengo, Marcel - 2026

This paper studies an optimal consumption-investment problem in a multi-asset financial market where risky assets returns incorporate returns history. Preferences are modelled using Epstein-Zin recursive utility, allowing a separation between risk aversion and intertemporal substitution. Using...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676726

A model of consumption with mental accounting and heterogeneous agents

Gimeno-Ribes, Jaime - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655481

Optimal consumption and portfolio choice with no-borrowing constraint in the Kim-Omberg model

Ferrari, Giorgio; Schütz, Tim Niclas - 2026

In this paper, we study an intertemporal utility maximization problem in which an investor chooses consumption and portfolio strategies in the presence of a stochastic factor and a no-borrowing constraint. In the spirit of the Kim-Omberg model, the stochastic factor represents the excess return...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609775

New estimates of the elasticity of marginal utility of consumption for Europe

Ščasný, Milan; Opatrný, Matěj - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015672786

Intertemporal self-insurance and excess sensitivity of affluent households

Savoia, Ettore - 2026

This paper studies household consumption behavior when saving motives differ due to preference or income risk heterogeneity. I show that self-insurance operates along two margins: a standard liquidity margin determined by the level of current resources and an intertemporal margin governed by...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612455

Early history of demand theory : anti-psychologist thesis reconsidered

Hudík, Marek - 2025

According to a widely shared view, the development of demand theory in the first half of the twentieth century was heavily influenced by the anti-psychological attitudes of economists. I call this view 'anti-psychologist thesis,' and I criticize it on several grounds. I propose an alternative...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015548988

Towards a realistic view of consumer behaviour

Sheaff, Rod - 2025

Marginal utility (MU) theories of consumer demand assume that consumers try to maximise a generic benefit ('utility') by selecting purchases giving equal MU per unit of cost, from which are predicted the observed relationships between price changes and quantities of demanded consumer goods....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015376340

Households' inflation expectations and consumption in macroeconomic models : a negative real income channel

Mašek, Frantisek - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015625682

Unveiling customer choice with salience theory : the link between room price and breakfast demand

Anguera-Torrell, Oriol; Nicolau, Juan Luis - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015340128

Subjective uncertainty and the marginal propensity to consume

Koşar, Gizem; Melcangi, Davide - 2026

Earnings uncertainty is central to most heterogeneous-household models. Yet, there is little evidence on how subjective uncertainty, the uncertainty individuals actually perceive, is related to consumption behavior. Using unique data from the Survey of Consumer Expectations, we show that the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638547

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Subjective uncertainty and the marginal propensity to consume

Koşar, Gizem; Melcangi, Davide - 2025

Book / Working Paper

Mortgage end, consumption reaction and portfolio allocation

Castagno, Elisa - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015642029

Consumer xenocentrism and well-being : conspicuous consumption orientation, brand addiction, and self-esteem

Diamantopoulos, Adamantios; Matarazzo, Michela; Mrad, Mona - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015340319

Subjective income risk and precautionary saving

Castaldo, Stefano; Tirelli, Mario - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015193353

Comment on “Mental accounts and consumption sensitivity across the distribution of liquid assets” by Graham and McDowall (2026)

Gimeno-Ribes, Jaime - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655630

Time-consistent individuals, time-inconsistent households

Hertzberg, Andrew - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650561

Consumption sacrifice

Garcia-Rada, Ximena; Kim, Tami; Liu, Peggy J. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015358337

Neural demand estimation with habit formation and rationality constraints

Grzeskiewicz, Marta - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015652614

Historizing the present : research agenda and implications for consumer behavior

Goor, Dafna; Keinan, Anat; Ordabayeva, Nailya - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015358344

Fat vs. sugar : the case for a saturated fat tax in Italy

Di Cosmo, Valeria; Tiezzi, Silvia - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015358562

Substitution and income effects of labor income taxation

Graber, Michael; Håvarstein, Morten; Mogstad, Magne; … - 2026

The elasticity of taxable income (ETI) parameter is a key quantity in empirical analysis of tax policy and labor supply. We examine when a commonly applied class of ETI estimands can be used to learn about individuals' ETI parameters and their (un)compensated elasticities of labor supply. We...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015632835

A framework for measuring physical garment durability

Guo, Yue; Morris, Kate E.; Sumner, Mark; Taylor, Mark - 2025

Measuring the physical durability of garments is difficult and current assessment methods lack objectivity and reliability or don't reflect the complex nature of durability for different garment categories. This study presents a novel and reproducible methodology for testing and ranking the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015393781

Households with insufficient liquid assets : consumption responses to income changes

Belloc, Ignacio; Molina, José Alberto - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015665409

A re-consideration of Money Demand Theory

Kapur, Basant - 2025

Portfolio models typically ignore precautionary transactions demands for liquid assets, and models of precautionary demands typically ignore asset rate-of-return risk. If asset-holders are risk-averse, however, both transactions risk and rate-of-return risk affect demands for both liquid and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015420197

Income gradients in health-state dependence

De Donder, Philippe; Lefebvre, Mathieu; Leroux, Marie-Louise - 2026

This paper investigates how marginal utility varies with health status (e.g. health-state dependence) while allowing this relationship to differ across income levels. Building on the existing literature, we develop a framework that quantifies the income adjustments necessary to maintain...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015673581

Elasticity of intertemporal substitution in the euro area

Marenc̆ák, Michal; Giang Hong Nghiem - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015463467

Precautionary saving at the top : on the concavity of consumption in the permanent component of earnings

Commault, Jeanne - 2026

Changes in the distribution of permanent income, which is a proxy for human capital, have become a key explainer of wealth accumulation at the top, but we know little about the theoretical relation between permanent income and consumption in economic models. I show that, in a standard model,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015673587

How promoting access-based consumption provokes overconsumption

Trabandt, Melanie; Lasarov, Wassili; Mai, Robert; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015464112

Observability and social interactions in consumption

Jappelli, Tullio; Pistaferri, Luigi - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060067

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Observability and social interactions in consumption

Jappelli, Tullio; Pistaferri, Luigi - 2026

Book / Working Paper

Household consumption and savings over the life cycle : the roles of demographics and durables

Bairoliya, Neha; Chanda, Areendam; Fang, Jingyi; Yang, Fang - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015546330

Life-cycle dynamics of consumption preferences

Li, Xue; Zheng, Hantian - 2025

This study investigates the dynamic impact of population aging on consumption preferences in China, a critical area given consumption's role in global economic growth and the country's accelerating demographic shifts. Utilizing pooled panel data from the 2015, 2017, and 2019 China Household...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015467222

Disaggregation of hourly electricity consumption into subconsumptions

Yucekaya, Ahmet; Bilge, Ayse H.; Yukseltan, Ergun; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015472010

Risk sharing tests and covariate shocks

Ligon, Ethan - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014338984

Subjective uncertainty and the marginal propensity to consume

Kosar, Gizem; Melcangi, Davide - 2025

Earnings uncertainty is central to most heterogeneous-household models. Yet, there is surprisingly little evidence on how subjective uncertainty is related to consumption behavior. Using unique data from the Survey of Consumer Expectations, we show that the marginal propensity to consume (MPC)...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015371804

Liquidity constraints, income variance, and buffer stock savings : experimental evidence

Duffy, John; Orland, Andreas - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015472979

Demand systems without errors

Crawford, Ian - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015473023

Heterogeneity and aggregate consumption : an empirical assessment

Debortoli, Davide; Galí, Jordi - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015374882

Scanner data and the construction of inter-regional price indexes

Diewert, Walter E.; Abe, Naohito; Tonogi, Akiyuki; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015474176

Scanner data and the construction of inter-regional price indexes

Shimizu, Chihiro; Diewert, Walter E.; Abe, Naohito; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015330916

Income disaster model with optimal consumption

Park, Seyoung - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015450342

The market for inflation risk

Bahaj, Saleem; Czech, Robert; Ding, Sitong; Reis, Ricardo - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015394616

Effect of climate-related disasters on consumption : theory and evidence from Bangladesh

Roy, Amit - 2025

As countries grapple with the aftermath of climate-related disasters, the disruptions they inflict on domestic consumption ripple through the fabric of income and price level shocks. The income shock emanates from the adverse effects of such disasters on economic agents, leading to both wage and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015411771

Heterogeneity and aggegate consumption : an empirical assessment

Debortolí, Davide; Galí, Jordi - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015395077