Search Results - subject_exact:"Optimaler Konsum"

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

Modelling the dynamic effects of inequality

Cornforth, Ed; Szendrei, Tibor - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015640055

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

Income disaster model with optimal consumption

Park, Seyoung - 2025

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

Income and price effects in intertemporal consumer problems

Dragone, Davide; Vanin, Paolo - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015433219

Biodiversity Engel Curves : estimating how income and inequality shape consumption-driven biodiversity loss

Kalmey, Tim; Meya, Jasper; Sager, Lutz - 2025

We examine the relationship between household incomes and the biodiversity footprints of consumption in the United States from 1996 to 2022. Combining detailed household expenditure surveys with environmentally-extended multi-regional input-output accounting methods, we calculate...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015456524

Guilty pleasures : expenditure elasticities of ultra-processed foods and paid meals in India

Gupta, Manavi; Kishore, Avinash - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015444108

Unpacking household Engel curves

De Vreyer, Philippe; Lambert, Sylvie; Ravallion, Martin - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016062887

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Unpacking household Engel curves

De Vreyer, Philippe; Lambert, Sylvie; Ravallion, Martin - 2025 - This version: April 2025

Edition: This version: April 2025

Book / Working Paper

Unpacking household engel curves

De Vreyer, Philippe; Lambert, Sylvie; Ravallion, Martin - 2020

Book / Working Paper

Unpacking Household Engel Curves

De Vreyer, Philippe; Lambert, Sylvie; Ravallion, Martin - 2022

Book / Working Paper

Unpacking Household Engel Curves

De Vreyer, Philippe - 2020

Book / Working Paper

Optimal consumption and portfolio choices with housing dynamics

Deng, Xiaoyu; Liu, Xixian; Sun, Qianmin; Wu, Banggang - 2025

This study develops a dynamic model to analyze the optimal consumption and portfolio choices of households acquiring housing services through renting or owning. The model incorporates time-varying financial constraints, represented by the liquid wealth-to-house value ratio, to provide a unified...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015596236

Change in household demand in the context of concerns regarding the transition to a healthy diet

Alexandri, Cecilia; Pauna, Bianca; Saman, Corina - 2025

This article investigates household consumption in 2011 and 2021, to see if there is evidence of changes in household demands of food. The European policy from Farm to Fork aims at providing sustainable, healthy food for all consumers, through an increase in vegetable consumption at the expense...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015415122

Shadow demands for unobservable goods : an intertemporal incomplete demand approach

Kim, H. Youn; Molina, José Alberto; Wong, K. K. Gary - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015672211

Revealed statistical consumer theory

Allen, Roy E.; Dziewulski, Paweł; Rehbeck, John - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014552973

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Revealed statistical consumer theory

Allen, Roy E.; Dziewulski, Pawel; Rehbeck, John - 2019

Book / Working Paper

Revealed Statistical Consumer Theory

Allen, Roy E. - 2020

Book / Working Paper

Optimal consumption for recursive preferences with local substitution under risk

Li, Hanwu; Riedel, Frank - 2024

We explore intertemporal preferences that are recursive and account for local intertemporal substitution. First, we establish a rigorous foundation for these preferences and analyze their properties. Next, we examine the associated optimal consumption problem, proving the existence and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015066357

Estimating sentiment and risk in a consumption model : a factor analysis approach

Bouaddi, Mohammed; Kakeu, Johnson - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014465391

Boundedly rational demand

Kocourek, Pavel; Steiner, Jakub; Stewart, Colin - 2024

Evidence suggests that consumers do not perfectly optimize, contrary to a critical assumption of classical consumer theory. We propose a model in which consumer types can vary in both their preferences and their choice behavior. Given data on demand and the distribution of prices, we identify...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015135346

Reassessing inflation in South Korea : an alternative approach using the Engel curve

Lee, Soohyung; Jun, Byung-hill - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016062432

Flexible estimation of random coefficient logit models of differentiated product demand

Kandelhardt, Johannes - 2023

The Berry, Levinsohn, and Pakes (1995, BLP) model is widely used to obtain parameter estimates of market forces in differentiated product markets. The results are often used as an input to evaluate economic activity in a structural model of demand and supply. Precise estimation of parameter...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014277015

Understanding Household Consumption and Environmental Quality in China : A Study of Industrial Waste and Dust Emissions Using Engel Curves

Silva, Peri Agostinho da; Shen, Leilei; Li, Ailun - 2023

Manufacturing activities are associated with environmental issues, including industrial waste and dust. Recent comprehensive policies in China have effectively reduced the emissions of some atmospheric pollutants, such as SO2, NOx, CO, PM10, and VOC.However, this does not apply to industrial...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014347145

Optimal consumption and portfolio choice in the presence of risky house prices

Bilsen, Servaas van; Boelaars, Ilja - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014458735

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Optimal Consumption and Portfolio Choice in the Presence of Risky House Prices

Bilsen, Servaas van; Boelaars, Ilja - 2023

Book / Working Paper

The Perils of Antitrust Econometrics : Unrealistic Engel Curves, Inadequate Data, and Aggregation Bias

Lozada, Gabriel - 2023

Some economists argue antitrust policy should be based on empirical methods used by the Industrial Organization subdiscipline of economics, but non-economists must understand that those methods contain certain highly restrictive assumptions. Those assumptions involve econometric...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014348814

Engel Curves, Spending Diversity and Welfare Measurement

Chai, Andreas; Stepanova, Elena - 2023

There is a growing momentum to base the poverty line on total consumption expenditure as it is a better measure of welfare. This chapter explores three related approaches to measuring household welfare that together represent an alternative ‘inductive’ measuring approach. We focus on...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014349744

Computing and comparing measures of rationality

Mononen, Lasse - 2023

The rationality of choices is one of the most fundamental assumptions of traditional economic analysis. Yet, substantial evidence has documented that choices often cannot be rationalized by utility maximization. Several measures of rationality have been introduced in the literature to quantify...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014283287

Identification and estimation of quadratic food Engel curves : evidence from Cameroon

Wirba, Ebenezer Lemven - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014250527

Optimal consumption and investment with independent stochastic labor income

Bensoussan, Alain; Park, Seyoung - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015211707

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Optimal Consumption and Investment with Independent Stochastic Labor Income

Bensoussan, Alain; Park, Seyoung - 2023

Book / Working Paper

The Social Protection Engel Curve

Lokshin, Michael; Ravallion, Martin; Torre, Iván - 2023

Why do richer countries spend a higher share of their income on social protection than poor countries A newly assembled dataset on social protection spending for 142 countries since 1995 allows an exploration of alternate hypotheses, treating the pandemic period separately, as it entailed a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015113750

Expenditure visibility and consumer behavior: new evidence

Heffetz, Ori - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014302321

Optimal consumption and portfolio selection for retirees under inflation and pension default risk

Lin, Zhenmei; Lai, Chong; Li, Rui - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015435419

Curvature-elasticity manifolds of demand systems

Hilton, Joshua - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015594799

Enhancing optimal consumption : experimental insights into nudging borrowing behavior via a life cycle model

Zhou, Xue; Yang, Xiaolan; Jin, Xuejun; Zhang, Lele - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015414048

Compensated discrete choice and the Slutsky equation

Dagsvik, John K. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015561295

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Compensated discrete choice and the Slutsky equation

Dagsvik, John K. - 2022

Book / Working Paper

Theme park rides are Giffen goods

Heutel, Garth - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015401046

Short-cut Demand Elasticities and Other Convenient Approaches to Consumer Demand

Clements, Kenneth W.; Liu, Haiyan; Mariano, Marc Jim; … - 2025

Introduction -- 2. Demand Elasticities Simplified I: Main Results -- 3. Demand Elasticities Simplified II: Further Results And Details -- 4. Food Demand I: Main Results -- 5. Food Demand II: Further Results and Details -- 6. Demand Systems I: Main Results -- 7. Demand Systems II: Further Results...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015413811

Why does consumption fluctuate in old age and how should the government insure it?

Blundell, Richard W.; Borella, Margherita; Commault, Jeanne - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012254381

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Why Does Consumption Fluctuate in Old Age and How Should the Government Insure it?

Blundell, Richard W.; Borella, Margherita; Commault, Jeanne - 2022

Book / Working Paper

Why Does Consumption Fluctuate in Old Age and How Should the Government Insure It?

Blundell, Richard W. - 2020

Book / Working Paper

Optimal consumption for recursive preferences with local substitution : the case of certainty

Li, Hanwu; Riedel, Frank; Yang, Shuzhen - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015071604

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Optimal consumption for recursive preferences with local substitution : the case of certainty

Li, Hanwu; Riedel, Frank; Yang, Shuzhen - 2022

Book / Working Paper

Slutsky matrix symmetry : a new behavioral condition

Aguiar, Victor H.; Serrano, Roberto - 2022

The Slutsky matrix function encodes all the information about local variations in demand with respect to small (Slutsky) compensated price changes. When the demand function is the result of utility maximization the Slutsky matrix is symmetric. However, symmetry does not imply rationality. Here,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013370941

Disability and intrahousehold investment decisions in education : empirical evidence from Bangladesh

Lamichhane, Kamal; Takeda, Takaki - 2022

Investment disparity in the education of persons with disabilities may be larger on the part of parents, in part resulting from predicted lower returns to the investment due to mistaken beliefs about their capabilities, or actual lower returns due to barriers in the labor market. Using a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013329407

Substitution and size effect for factor demand revisited

Bröcker, Johannes; Requate, Tilman - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013431167

Gains from trade and the food Engel curve

Farrokhi, Farid; Jinkins, David; Chong, Xiang - 2022

This paper examines the extent to which gains-from-trade predictions from commonly-used trade theories are consistent with observed household consumption decisions. Our approach is based on inference from household-level estimation of food Engel curves in the US and in a few other countries. For...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013431621

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Gains from trade and the food Engel curve

Farrokhi, Farid; Jinkins, David; Chong, Xiang - 2022

Book / Working Paper

Gains from Trade and the Food Engel Curve

Farrokhi, Farid; Jinkins, David Carson; Chong, Xiang - 2022

Book / Working Paper

Gains from Trade and the Food Engel Curve

Farrokhi, Farid; Jinkins, David Carson; Chong, Xiang - 2022

Book / Working Paper

Dual formulation of the optimal consumption problem with multiplicative habit formation

Kamma, Thijs; Pelsser, Antoon André Jean - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013433524

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Dual Formulation of the Optimal Consumption Problem with Multiplicative Habit Formation

Kamma, Thijs; Pelsser, Antoon André Jean - 2022

Book / Working Paper

Consumption decision, portfolio choice and healthcare irreversible investment

Ferrari, Giorgio; Zhu, Shihao - 2022

We propose a tractable dynamic framework for the joint determination of optimal consumption, portfolio choice, and healthcare irreversible investment. Our model is based on a Merton's portfolio and consumption problem, where, in addition, the agent can choose the time at which undertaking a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013466319

Revealed preference analysis and bounded rationality

Tipoe, Eileen; Adams, Abi; Crawford, Ian - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013188482

Estimating upward bias of Japanese consumer price index using Engel's Law

Higa, Kazuhito - 2014

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011350323

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Estimating Upward Bias of Japanese Consumer Price Index Using Engel's Law

Higa, Kazuhito - 2022

Book / Working Paper

Optimal consumption and investment with welfare constraints

Jeon, Junkee; Kwak, Minsuk - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015130333

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Optimal Consumption and Investment with Welfare Constraints

Jeon, Junkee; Kwak, Minsuk - 2022

Book / Working Paper

Robust Bounds for Welfare Analysis

Kang, Zi Yang; Vasserman, Shoshana - 2022

Economists routinely make functional form assumptions about consumer demand to obtain welfare estimates. How sensitive are welfare estimates to these assumptions? We answer this question by providing bounds on welfare that hold for families of demand curves commonly considered in different...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012814431

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Robust Bounds for Welfare Analysis

Kang, Zi Yang; Vasserman, Shoshana - 2021

Book / Working Paper

Individual choice and objective demand in a classical framework

D'Agata, Antonio - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014486324

Income sources, intrahousehold allocation and individual poverty

Bargain, Olivier - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014536140

Household carbon dioxide emissions Engel Curve dynamics

Huang, Robert; Kahn, Matthew E. - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015158296

Robustness meets co-jumps : optimal consumption and portfolio choice with derivatives

Oliva, Immacolata; Stefani, Ilaria - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015196971

Does Engel's law work in central and Eastern European countries? : The role of aspirations in determining food expenditures

Olipra, Jakub - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015426896

Research on optimal consumption rate and steady economic growth in China

Zhao, Xincheng - 2024

"Since the Reform and Opening up, China's economy has maintained a high annual growth rate of 9.72%, which is called 'China's miracle'. At the same time, the stability of economic growth has been gradually improved. According to Lin Jianhao and Wang Jinmei (2013), China's economy has entered a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014299468