Traditional tools of welfare economics identify the envy-related welfare loss from conspicuous consumption only under very strong assumptions. Measured income and life satisfaction offers an alternative for estimating such consumption externalities. The approach is developed in the context of luxury car consumption (Ferraris and Porsches) in Switzerland. Results from household panel data and fi...

We document a decline in the frequency of shopping trips United States since 1980 and consider its implications for measurement consumption inequality. A as households stock up on storable goods (i.e., inventory behavior) will lead to rise expenditure inequality when latter is measured at high frequency, even underlying unchanged. find that most recently documented 1980s can be accounted by thi...

دستکند گونه‌ای خاص از معماری به‌شمار می‌رود که در برخی نقاط ایران و جهان دامنة کوه‌ها تپه‌ها شکل گرفته بدون استفاده مصالح مصنوعی فقط با حفاری دل طبیعت برای تولید فضا به کار رفته است. یکی شاهکار‌های ایرانی محسوب می‌شود نیز توانسته هنری فاخر معرفی شود. بنابراین پرداختن نحو چیدمان این نوع معماری، مشتمل بر سکونتگاه‌های خاص، امری مهم درخور اهمیت پژوهش حاضر روابط فضایی خانه‌های دو روستای کندوان میمند...

We quantify reference dependence and loss aversion in the housing market using rich Danish administrative data. Our structural model includes aversion, dependence, financial constraints, a sale decision, matches key nonparametric moments, including “hockey stick” listing prices with nominal gains, bunching at zero realized gains. Households derive substantial utility from gains over original ho...

A central question in the analysis of fuel economy policy is whether consumers are myopic with regards to future costs. We provide first evidence on consumer valuation from a natural experiment that provides exogenous variation ratings. examine short-run equilibrium effects restatement ratings affected 1.6 million vehicles. Using implied changes willingness pay, we find act myopically: indiffer...

This paper studies competition between firms when consumers observe a private signal of their preferences over products. Within the class structures that induce pure-strategy pricing equilibria, we derive are optimal for and those consumers. The firm-optimal policy amplifies underlying product differentiation, thereby relaxing competition, while ensuring purchase preferred product, maximizing t...

We introduce a search model where products differ in horizontal attributes and unobserved quality (“experience goods”), firms can establish reputation. show that the inability of consumers to observe before purchase significantly changes how frictions affect market performance. In equilibrium, higher costs reduce match values increase price but boost firms’ investment product quality. Under pla...

We study the spending profile of workers who experience both a positive transitory income shock (lump-sum severance pay) and negative permanent (layoff). Using de-identified expenditure employment data from Brazil, we show that increase at layoff by 35 percent despite experiencing 14 long-term loss. find high sensitivity to cash-on-hand across consumption categories for several sources variatio...

چکیده در این مطالعه، تقاضای گروه های اصلی خوراکی در مناطق شهری ایران برای دوره زمانی1361 تا 1386 بررسی شده است. بدین منظور از سیستم تقاضای تقریباً ایده آل خطی (la/aids)، شاخص تقریب خطی لاسپیرس و روش رگرسیون های به ظاهر نامرتبط (sur) استفاده شد. نتایج به دست آمده نشان داد که متغیر متوسط جمعیت خانوار در بیشتر معادلات تأثیر معناداری بر تقاضای خانوار داشته است. قیود همگنی و تقارن نیز مورد آزمون قرار...