Academic literature on the topic 'Durable goods, Consumer. Consumption (Economics)'
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Journal articles on the topic "Durable goods, Consumer. Consumption (Economics)"
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Manchanda, Rimple, and Srikant Manchiraju. "New measure of consumer well-being for Indian car users." Ekonomski pregled 71, no. 5 (2020): 531–53. http://dx.doi.org/10.32910/ep.71.5.5.
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Consumers today tend to look for material comfort and satisfaction from use and consumption of range of consumer durable goods, which are expected to induce consumer well-being. The current study investigates the consumer well-being of car users in Delhi and National Capital Region as this region has been recognized as biggest automobile market in India. Car industry is in the focus of the study because of its distinct features viz-aviz other consumer durable goods. The study is built around the existing conceptualization and measures of consumer well-being and intends to develop a separate measure of consumer well-being of car users in Delhi NCR through an exploratory research design. Three dimensional measure of consumer well-being has been developed.
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Fernández-Villaverde, Jesús, and Dirk Krueger. "CONSUMPTION AND SAVING OVER THE LIFE CYCLE: HOW IMPORTANT ARE CONSUMER DURABLES?" Macroeconomic Dynamics 15, no. 5 (2011): 725–70. http://dx.doi.org/10.1017/s1365100510000180.
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In this paper we investigate whether a standard life-cycle model in which households purchase nondurable consumption and consumer durables and face idiosyncratic income and mortality risk as well as endogenous borrowing constraints can account for two key patterns of consumption and asset holdings over the life cycle. First, consumption expenditures on both durable and nondurable goods are hump-shaped. Second, young households keep very few liquid assets and hold most of their wealth in consumer durables. In our model durables play a dual role: they both provide consumption services and act as collateral for loans. A plausibly parameterized version of the model predicts that the interaction of consumer durables and endogenous borrowing constraints induces durables accumulation early in life and higher consumption of nondurables and accumulation of financial assets later in the life cycle, of an order of magnitude consistent with observed data.
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KOH, WINSTON T. H. "HOUSEHOLD HETEROGENEITY AND OPTIMAL INTER-TEMPORAL PRICING FOR A DURABLE-GOOD MONOPOLY." Singapore Economic Review 51, no. 03 (2006): 395–403. http://dx.doi.org/10.1142/s0217590806002494.
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In this paper, I extend the analysis in Koh (2006) to examine the optimality of inter-temporal price discrimination for a durable-good monopoly in a model where infinitely-lived households consume both durable goods and a stream of non-durable goods subject to different inter-temporal budget constraints. I also consider the multi-dimensional setting where households differ in both inter-temporal budget constraints and the utilities they derive from the consumption of the durable good.
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Abaidoo, Rexford. "Inflation expectations, economic policy ambiguity and micro-level consumer behavior." Journal of Financial Economic Policy 8, no. 3 (2016): 377–95. http://dx.doi.org/10.1108/jfep-12-2015-0074.
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Purpose This paper aims to augment existing literature by examining how specific macroeconomic conditions (economic policy uncertainty and inflation expectations) influence micro-level (instead of macro-level) behavioral dynamics exhibited by the average consumer. Design/methodology/approach This study conducted empirical analysis using structural vector autoregressive estimation technique. Findings The average consumer tends to exhibit significantly varied micro-level expenditure behavioral patterns not readily observed at the macro- or aggregate-level expenditures. For instance, this study finds that in the short run, inflation expectations tend to have a significant positive impact on both non-durable goods and service expenditures; the same condition, however, tends to have a negative impact on durable goods. Additionally, this study also finds that economic policy uncertainty, unlike inflation expectations, tends to constrain consumption expenditures at all micro levels with very significant variations in decline in expenditures made. Originality/value Unlike legion of empirical work based on macro-level analysis, this study adopts a micro-level analysis and also engages two macroeconomic conditions (inflation expectations and economic policy uncertainty) not already examined in existing studies.
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DRAKE, LEIGH, and ADRIAN R. FLEISSIG. "A NOTE ON THE POLICY IMPLICATIONS OF USING DIVISIA CONSUMPTION AND MONETARY AGGREGATES." Macroeconomic Dynamics 12, no. 1 (2007): 132–49. http://dx.doi.org/10.1017/s1365100507060361.
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Using U.K. data that are consistent with utility maximizing behavior by consumers, we construct aggregates for both consumption goods (nondurables and services) and monetary assets that are consistent with economic aggregation theory. Using these aggregates and the stock of durable goods, we estimate the elasticities of substitution between various consumption goods and monetary assets. These estimates are compared to the corresponding results from conventional monetary and consumption aggregates. The results give important information for monetary policy and the monetary transmission mechanism. In particular, these substitution estimates provide insight into the recent changes in expenditure on durable goods. We also show that the use of conventional U.K. consumption and monetary aggregates often give incorrect estimates of substitution and can provide misleading policy insights.
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Filippas, Apostolos, John J. Horton, and Richard J. Zeckhauser. "Owning, Using, and Renting: Some Simple Economics of the “Sharing Economy”." Management Science 66, no. 9 (2020): 4152–72. http://dx.doi.org/10.1287/mnsc.2019.3396.
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New Internet-based “sharing-economy” markets enable consumer-owners to rent out their durable goods to nonowners. We model such markets and explore their equilibria both in the short run, in which ownership decisions are fixed, and in the long run, in which ownership decisions can be changed. We find that sharing-economy markets always expand consumption and increase surplus, but may increase or decrease ownership. Regardless, ownership is decoupled from individual preferences in the long run, as the rental rates and the purchase prices of goods become equal. If there are costs of bringing unused capacity to the market, they are partially passed through, creating a bias toward ownership. To test our theoretical work empirically, we conduct a survey of consumers, finding broad support for our modeling assumptions. The survey also allows us to offer a partial decomposition of the bring-to-market costs, based on attributes that make a good more or less amenable to being shared. This paper was accepted by Joshua Gans, business strategy.
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Yokoo, Hide-Fumi, and Thomas C. Kinnaman. "Global Reuse and optimal waste policy." Environment and Development Economics 18, no. 5 (2013): 595–614. http://dx.doi.org/10.1017/s1355770x13000235.
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AbstractElectronic waste generated from the consumption of durable goods in developed countries is often exported to underdeveloped countries for reuse, recycling and disposal with unfortunate environmental consequences. The lack of efficient disposal policies within developing nations coupled with global free trade agreements make it difficult for consumers to internalize these costs. This paper develops a two-country model, one economically developed and the other underdeveloped, to solve for optimal tax policies necessary to achieve the efficient allocation of economic resources in an economy with a durable good available for global reuse without policy measures in the underdeveloped country. A tax in the developed country on purchases of the new durable good combined with a waste tax set below the domestic external cost of disposal is sufficient for global efficiency. The implication of allowing free global trade in electronic waste is also examined, where optimal policy resembles a global deposit-refund system.
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González-Mariscal, Manuel. "INFLACIÓN Y NIVELES DE VIDA EN SEVILLA DURANTE LA REVOLUCIÓN DE LOS PRECIOS." Revista de Historia Económica / Journal of Iberian and Latin American Economic History 33, no. 3 (2015): 353–86. http://dx.doi.org/10.1017/s0212610915000282.
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AbstractIn this article I present new calculations for the evolution of prices and standards of living in Seville from 1521 to 1603. Using new data on prices and new research on changes in nutrition and consumption, I improve the consumer price index. Two major improvements can be highlighted: the inclusion of rented housing prices and the use of three baskets of goods, according to the transformations identified in the consumption patterns. As a result of these improvements, the new data show that prices increase more (336%) than previously estimated by Hamilton (155%) and when using the Allen method (234%). Consequently, real wages decrease more with the new index (32%).
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Sengupta, Indrani, and Dhaval Maheta. "Stock Price Volatility of NSE Thematic Consumption Index: An Econometric Analysis." Management Insight - The Journal of Incisive Analysers 16, no. 02 (2020): 17–22. http://dx.doi.org/10.21844/mijia.16.2.3.
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Had the Indian economy were a person, its income in 2020-21 and 2021-22 would be much less than what it was in 2019-20. This is what the recent World Bank predictions says. There is vast, perhaps unparalleled, economic pain ahead. The World Bank released its Global Economic Prospects report in the second week of June, expecting India’s gross domestic product (GDP) to contract by 3.2% in 2020-21. A moderate recovery growth is expected from 3.1% in 2021-22. India is not the only country which will face this quandary. As per the statistics, generally March and April each contributes to the sales turnover of 12% every year, but March 2020 has witnessed a downfall of 55% year on year amidst the corona- induced lockdown. Undoubtedly, the pandemic has a tremendous impact on these, but the industry certainly needs to cope us with the current situation and some key transitions should be made in their approach to sales, logistics, marketing to customer service. So, as an investor we need to know how the consumption market was just before the Covid-19 hit the Indian premise. The consumption industry is further segregates into durable, non-durable goods and services industry. This paper compares the price volatility of the stock prices of three firms who are into consumer goods with its related NSE Nifty consumption index. Data has been taken from NSE website and the time period of the study is 2015-2019. The data has further been treated with time series analysis using multiple regression which tries to test whether there is any connect between the trends of the stock prices of firms vis-à-vis the Nifty index of the sector. The study also attempts to identify patterns between the regressor and the regressands.
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Sen, Jayanta, and Debarati Das. "Consumer expenditure inequality in India: a source decomposition analysis." International Journal of Development Issues 17, no. 2 (2018): 157–67. http://dx.doi.org/10.1108/ijdi-08-2017-0131.
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Purpose This paper aims to deal with a closer look into the nature and extent of consumer expenditure inequality in India to identify the major contributions those are embedded, particularly after the economic reforms. Relative contributions of major consumption items/sources to the overall expenditure inequality are quantitatively examined in terms of a decomposition exercise. Eventually, the paper investigates the relative marginal effects of expenditure components/sources on overall inequality. Design/methodology/approach Gini index is used to measure the degree of inequality in consumer expenditure. Contribution of each expenditure sources to overall inequality is estimated by using source decomposition technique of Gini index contributed by Lerman and Yitzhaki. Findings The study observes that the inequality in consumer expenditure has increased in both the rural and the urban parts of India during the post-reform period. Non-food expenditure is more unevenly distributed, and it has been found to be more pro-rich in nature. Expenditure on cereals and pulses still exhibits higher inequality-reducing effect in rural and urban India. Education and health-care expenses have been inequality-increasing in the country. Contribution of expenditure on miscellaneous consumer services, durable goods, education and health care to the overall expenditure inequality is significantly higher. Originality/value The study identifies the capacity of different expenditure sources towards increasing or decreasing the overall inequality which is crucial for better redistributive policies to be adopted to enhance the well-being of the economy in real sense.
Dissertations / Theses on the topic "Durable goods, Consumer. Consumption (Economics)"
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Abdul-Hadi, Ahmad Ibrahim Malawi. "The impact of monetary policy on consumer durable goods : empirical study by using vector autoregression (VAR) models /." free to MU campus, to others for purchase, 1999. http://wwwlib.umi.com/cr/mo/fullcit?p9953841.
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Bjellerup, Mårten. "Essays on Consumption : - Aggregation, Asymmetry and Asset Distributions." Doctoral thesis, Växjö universitet, Ekonomihögskolan, EHV, 2005. http://urn.kb.se/resolve?urn=urn:nbn:se:vxu:diva-406.
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The dissertation consists of four self-contained essays on consumption. Essays 1 and 2 consider different measures of aggregate consumption, and Essays 3 and 4 consider how the distributions of income and wealth affect consumption from a macro and micro perspective, respectively. Essay 1 considers the empirical practice of seemingly interchangeable use of two measures of consumption; total consumption expenditure and consumption expenditure on nondurable goods and services. Using data from Sweden and the US in an error correction model, it is shown that consumption functions based on the two measures exhibit significant differences in several aspects of econometric modelling. Essay 2, coauthored with Thomas Holgersson, considers derivation of a univariate and a multivariate version of a test for asymmetry, based on the third central moment. The logic behind the test is that the dependent variable should correspond to the specification of the econometric model; symmetric with linear models and asymmetric with non-linear models. The main result in the empirical application of the test is that orthodox theory seems to be supported for consumption of both nondurable and durable consumption. The consumption of durables shows little deviation from symmetry in the four-country sample, while the consumption of nondurables is shown to be asymmetric in two out of four cases, the UK and the US. Essay 3 departs from the observation that introducing income uncertainty makes the consumption function concave, implying that the distributions of wealth and income are omitted variables in aggregate Euler equations. This implication is tested through estimation of the distributions over time and augmentation of consumption functions, using Swedish data for 1963-2000. The results show that only the dispersion of wealth is significant, the explanation of which is found in the marked changes of the group of households with negative wealth; a group that according to a concave consumption function has the highest marginal propensity to consume. Essay 4 attempts to empirically specify the nature of the alleged concavity of the consumption function. Using grouped household level Swedish data for 1999-2001, it is shown that the marginal propensity to consume out of current resources, i.e. current income and net wealth, is strictly decreasing in current resources and net wealth, but approximately constant in income. Also, an empirical reciprocal to the stylized theoretical consumption function is estimated, and shown to bear a close resemblance to the theoretical version.
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Wang, Xiaojun. "Durable goods consumption : from micro foundation to macro dynamics /." The Ohio State University, 2001. http://rave.ohiolink.edu/etdc/view?acc_num=osu1486394475977619.
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Lebedinsky, Alexander. "A Study of the Stochastic Behavior of Durable Goods Consumption." TopSCHOLAR®, 1997. http://digitalcommons.wku.edu/theses/863.
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The author of this thesis examines the stochastic behavior of durables consumption in the rational expectations/permanent income hypothesis framework. The testing in this paper parallels the studies conducted by other researchers, who basing their work mainly on quarterly data rejected the frictionless rational expectations/permanent income hypothesis. The distinctive feature of this thesis is that the models are examined using monthly instead of quarterly data. The results of the estimation are compared to the results based on quarterly data. The results show that estimates obtained using monthly data seem to be more consistent with the frictionless rational expectations/permanent income hypothesis than the estimates from quarterly data. Then, by using two subsets of the monthly data representing the first and the last twelve years of a 37 year period, the models are reexamined to explore the possibility of change in the stochastic behavior of personal expenditures on durable goods over time. This results suggest a change in influence of liquidity constraints on the time series behavior of durable goods consumption over the last four decades.
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Kim, Young Chan. "Quality choice games in durable goods industries." Diss., The University of Arizona, 1992. http://hdl.handle.net/10150/185947.
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This dissertation is concerned with strategic decision processes in markets where products are both durable and differentiated in quality. Thus, a commodity is differentiated in a two dimensional space (a) its consumption time location, and (b) its quality characteristics. Consumers "self-select" a product among various differentiated products. There exists a one-to-one correspondence between a consumer group and a product with a certain quality in a certain period. A monopolist seller, a monopolist lessor, and a sequential entry duopoly seller market are studied in the framework of a two-period, two-quality model. When product diversification is feasible, the monopoly power of the seller is greatly increased. A seller adopts strategic quality introduction sequence so that the amount of competition from the second-hand market is endogenously selected by the seller. Hence, a seller is able to discriminate among consumers in both intertemporal and contemporaneous fashion. Equilibria are sensitive to the speed of technological advancement. If technology develops slowly, a seller adopts a strategic quality introduction sequence such that it introduces high quality first and low quality later, so that the creation of second-hand market is eliminated. When technology advancement is significant over time, a seller introduces low quality first and high quality later, so that a group of consumers will update the quality of the product they consume over time.
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Sigmon, Matt. "Consumer Goods?" Digital Archive @ GSU, 2009. http://digitalarchive.gsu.edu/art_design_theses/44.
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The purpose of this thesis is to extrapolate through research the conceptual underpinnings of a body of artwork created by Matt Sigmon. The thesis explains the work in relation to art historical references to readymade art and the dilemmas that arise when fine art is compared to consumer commodities.
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Shu, Hui. "Disequilibrium Transition of the Consumer Goods Market in China, 1954-1991." PDXScholar, 1995. https://pdxscholar.library.pdx.edu/open_access_etds/1161.
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This is an in-depth study of the structural change and transition of the Chinese consumer goods market from 1954 to 1991 using disequilibrium econometric methodology. The model for the Chinese consumer goods market is based on the Portes-Winter disequilibrium model for centrally planned economies (1980). The demand function is derived from the Houthakker-Taylor savings function. The supply function is composed of approximations to the government's long-term and short-term plans. The transaction quantity in the market is defined as the smaller of effective demand and supply. Using the traditional global fitting method, three models are evaluated: one model that assumes no structural change, and two models that assume structural change. The estimations show that the structures of the demand and supply functions of the Chinese consumer goods market have changed since the economic reform in 1980. An innovative non-parametric method of locally weighted optimization is applied to further test the variations in model parameters during the period between 1954 and 1991 without assuming explicit functional forms of demand and supply. The estimation results show that the Chinese consumer goods market fits the Portes-Winter model well in the earlier years. The results confirm that the structures of demand and supply functions have changed since the economic reform. In the late 1980's, the Chinese consumer goods market is shown to have shifted away from a pure centrally planned system. Other main conclusions of this study include, first, that chronic shortage does not exist in the Chinese consumer goods market from 1954 to 1991. Second, a rigid price level has not caused the market to be persistently in disequilibrium. Third, the classical disequilibrium model of consumer goods market in centrally planned economies does not fit the Chinese consumer goods market in the later years.
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Jakobsen, Emma, and Maja Svensson. "The Green Consumer : A Study of Income and Organic Consumption." Thesis, Jönköping University, Jönköping International Business School, 2008. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-1264.
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<p>Organic consumption is currently experiencing a boom of sales on the Swedish and international market. Whether this occurrence is a contemporary trend or if it will prove to be sustainable in the future, the demographics of the so-called ‘green consumer’ are of great interest for economic agents on markets such as foods and textiles. Therefore, the writers have chosen to highlight this topic by focusing on the relation between income and purchase of organic products.. Economic data for the Swedish market has been gathered and analyzed through various statistical and macroeconomic perspectives, where the basis has been Kelvin Lancaster’s models of consumer choice theory. The results showed that income does not generally have a direct effect on the choice of purchasing an organic good in Sweden, although it cannot be fully dismissed when discussing the demographics of the green consumer. Other factors are of importance as well, including education, marital status and geographical location. The study of the green consumer is a rather new area and this study, along with its previous counterparts, has proved it difficult to draw any firm conclusions regarding the characteristics of the organic consumer. Therefore, future studies within this area will have plenty to discover about a subject of increasing interest and importance on the market.</p><br><p>Ekologisk konsumtion upplever för närvarande en försäljningsboom på den svenska och internationella marknaden. Oavsett om detta är en tillfällig trend eller om det kommer bestå såväl i framtiden, är demografierna av de såkallade ’gröna konsumenterna’ av stort intresse för ekonomiska agenter inom marknader såsom textil och dagligvaror. Därför har författarna valt att framhäva detta ämne genom att fokusera på relationen mellan inkomst och inköp av ekologiska produkter. Ekonomisk data för den svenska marknaden har samlats in och analyserats genom olika statistiska och makroekonomiska perspektiv, där basen har varit Kelvin Lancasters modeller av konsumentteori. Resultaten har visat på att inkomst generellt inte har en direkt effekt på valet att köpa en ekologisk vara i Sverige, även om denna faktor inte helt kan uteslutas när demografier av den gröna konsumenten diskuteras. Andra faktorer har också betydelse, däribland utbildning, civilstånd och geografisk lokalisering. Studier om den gröna konsumenten är ett relativt nytt område, och denna kandidatuppsatsen har, tillsammans med föregående rapporter inom ämnet, funnit det svårt att dra några fasta slutsatser om den ekologiska konsumentens karaktärer. Därför kommer framtida studier inom detta område ha mycket att upptäcka om ett ämne av ökande intresse och angelägenhet på marknaden.</p>
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Tolar, Martin. "Satisficing versus optimising behaviour in the non-durable consumption expenditure decision making process : an empirical examination of Australian data for the period 1976(1) - 1994(2) /." [Campbelltown, N.S.W. : The Author], 1995. http://library.uws.edu.au/adt-NUWS/public/adt-NUWS20030703.130007/index.html.
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Persson, Johanna. "A study about purchase intentions for a green durable good." Thesis, Blekinge Tekniska Högskola, Institutionen för industriell ekonomi, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:bth-16871.
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Background Due to increased environmental issues around the world, people are getting more and more aware of the effects of their consumption and their influence on the environment. Companies have therefore started to provide green products to the market to satisfy customer demand. However, there is a lack of knowledge in the literature when it comes to what customers really value when it comes to green products. Mainly green durable goods, as well as their determinants and what affects their green purchase intentions. Purpose The purpose of the study is therefore, to analyze what green determinants affect purchase intention for floors as an example of a green durable good. A related purpose is to investigate how green production attitude and consumption attitude impact floor purchase intention. The results of the investigation could help the floor manufacturers better understand what is valued by the consumer and thus be able to invest right resources for right action to meet customer needs. Method This study was a survey study using primary quantitative analysis and data collecting. The questionnaires were conducted with 97 participants around Sweden using social media and an online questionnaire. The data were tested through different reliability and validity tests and other kinds of statistical tests to analyze the proposed theoretical research model with help of SPSS and AMOS. Results Environmental production attitude (determinants of green production) significantly affects the purchase intention for durable goods. Environmental consumption attitude could not be tested due to failing in the reliability and validity tests, and therefore no confirmation about the effect of these determinants could be drawn. Conclusion For consumers in general, the perceived greenness of a floor lays in the determinants of the production which this study can prove. Delimitations This study has only focused on the Swedish demand-side when it comes to purchase intention for green durable goods and the effects of this and not the supply-side. Furthermore, the purchase intention is limited to today´s circumstances and the changes over time have not been under consideration. The product choice has been durable goods, with particular attention to floors.<br>Bakgrund På grund av ökade miljöfrågor runt om i världen blir människor mer och mer medvetna om effekterna av konsumtionen och deras påverkan på miljön. Företagen har därför börjat tillhandahålla miljövänliga produkter på marknaden för att tillgodose kundernas efterfrågan. Det finns dock brist på kunskap i litteraturen när det kommer till vad kunder verkligen värdesätter när det gäller gröna produkter, speciellt produkter med lång livslängd. Liksom deras bestämmande faktorer och vad som verkligen påverkar deras gröna köpintentioner. Syfte Syftet med studien är därför att analysera vilka miljövänliga påverkningsfaktorer som finns för golv, som är ett exempel på en produkt med lång livslängd. Ett relaterat syfte är att undersöka hur den miljövänliga produktionsattityden och konsumtionsattityden påverkar köpintentionen för golv. Resultaten av undersökningen är till för att golvtillverkaren bättre ska förstå vad som värderas utifrån konsumenten och därmed kunna investera rätt resurser på rätt aktivitet för att på så sätt möta konsumenternas behov. Metod Denna studie var en undersökningsstudie som främst nyttjat primär kvantitativ analys och datainsamling. Frågeformulären genomfördes med 97 deltagare runt om i Sverige med hjälp av sociala medier och ett online frågeformulär. Den insamlade datan testades genom olika pålitlighets- och validitetstester samt andra typer av statistiska tester för att analysera den teoretiska forskningmodellen med hjälp av SPSS och AMOS. Resultat Attityd för miljövänlig produktion (bestämmande faktorer för grön produktion) har signifikant effekt på köpintensiteten för produkter med lång livslängd. Attityd för miljövänlig konsumtion kunde inte testas på grund av brist på pålitlighet och validitet och därför kunde ingen slutsats/analys av effekten på dessa faktorer dras. Slutsatser För konsumenter i allmänhet ligger den uppfattade miljövänligheten hos en miljövänlig produkt med lång livslängd i produktionsattributen, vilket denna studie kan bevisa. Avgränsningar Denna studie har endast fokuserat på den svenska efterfrågesidan när det gäller köpintentioner för produkter med lång livslängd och effekterna av detta och inte utbudssidan. Vidare är köpintentionen begränsad till dagens omständigheter och förändringarna över tiden har inte varit föremål för överväganden. Produktvalet har varit varaktiga varor, med särskild hänsyn till golv.
Books on the topic "Durable goods, Consumer. Consumption (Economics)"
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Altar, Moisa. A m odel of economic growth which includes durable and non-durable consumption goods. University of Reading, Dept. of Economics, 1993.
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Magnussen, Knut A. Consumer demand in MODAG and KVARTS. Statistisk sentralbyrå, 1992.
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Zborowska, Władysława. Podaż dóbr trwałego użytku w sterowaniu konsumpcją indywidualną w Polsce (1960-1986). Wydawnictwa Uniwersytetu Warszawskiego, 1992.
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Magnussen, Knut A. Etterspørselen etter varige konsumgoder. Statistisk sentralbyrå, 1990.
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Rose, Richard. The relation of income andconsumer durables in Russia. Centre for the Study of Public Policy, University of Strathclyde, 1996.
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Ulrike, Schneider. Auswirkungen der Bevölkerungsdynamik auf die Konsumgüternachfrage: Bisherige Entwicklung und zukünftige Tendenzen. Bundesinstitut für Bevölkerungsforschung, 1991.
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Ferson, Wayne E. Habit persistence and durability in aggregate consumption: Empirical tests. National Bureau of Economic Research, 1991.
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P, Durovich A., ed. Novyĭ ėtap razvitii͡a proizvodstva tovarov i sfery uslug. "Belarusʹ", 1986.
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Delega-Jasek, Dorota. Wyposażenie gospodarstw domowych w przedmioty trwałego użytkowania. Główny Urząd Statystyczny, 1991.
Find full textBook chapters on the topic "Durable goods, Consumer. Consumption (Economics)"
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Hansen, Lars Peter, and Thomas J. Sargent. "Economic Environments." In Recursive Models of Dynamic Linear Economies. Princeton University Press, 2013. http://dx.doi.org/10.23943/princeton/9780691042770.003.0004.
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This chapter describes an economic environment with five components: a sequence of information sets, laws of motion for taste and technology shocks, a technology for producing consumption goods, a technology for producing services from consumer durables and consumption purchases, and a preference ordering over consumption services. A particular economy is described by a set of matrices that characterize the motion of information sets and of taste and technology shocks; matrices that determine the technology for producing consumption goods; matrices that determine the technology for producing consumption services from consumer goods; and a scalar discount factor that helps determine the preference ordering over consumption services. The chapter describes and gives examples of each component of the economic environment.
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Bradley, Ralph, and Brett Matsumoto. "Measuring prices and real household consumption of medical goods." In Handbook of US Consumer Economics. Elsevier, 2019. http://dx.doi.org/10.1016/b978-0-12-813524-2.00013-5.
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Fehr, Hans, and Fabian Kindermann. "The static general equilibrium model." In Introduction to Computational Economics Using Fortran. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198804390.003.0007.
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Our first application is the static general equilibrium model. The model is called static since intertemporal aspects, such as savings and investment, are excluded by assumption. Consequently the capital stock of the economy is constant and we concentrate on the intersectoral allocation of resources and labour–leisure choices. In this chapter, we start the discussion with the most simple model structure and then successively introduce additional complexities, like government activity, intermediate goods production, or international trade. The most simple model structure comprises a closed economy with a representative consumer who supplies labour and capital in fixed amounts which are used by firms to produce two consumption goods. Section 3.1.1 develops the so-called ‘command optimum’ using this basic model. This is the allocation that would be chosen by a social planner who knows endowments, technologies, and preferences. After that we compare the command optimum to the allocation in a market economy. Then we introduce variable labour supply and government activities. The representative household supplies his endowment of capital .K̅ and labour .L̅ to the firms which use these inputs to produce output Y1 and Y2 of goods 1 and 2. Household consumption is denoted by X1 and X2 respectively. The economic problem is to allocate the scarce factor resources K and L to the two different types of firms in order to produce an output combination which maximizes the utility of the representative household. The latter is called an efficient allocation. In order to find the efficient allocation we first have to specify preferences and technologies.
Conference papers on the topic "Durable goods, Consumer. Consumption (Economics)"
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Bartková, Lucia, Marianna Šramková, and Lenka Veselovská. "Consumer Behaviour in Conditions of Dual Quality of Daily Consumption Goods in Slovakia." In Proceedings of the International Conference on Economics, Management and Technology in Enterprises 2019 (EMT 2019). Atlantis Press, 2019. http://dx.doi.org/10.2991/emt-19.2019.6.
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Kriaučiūnaitė-Lazauskienė, Gintarė, and Rima Žitkienė. "An effect of symbols on consumer behaviour: the theoretical insights." In Contemporary Issues in Business, Management and Economics Engineering. Vilnius Gediminas Technical University, 2019. http://dx.doi.org/10.3846/cibmee.2019.015.
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Purpose – this article aims to analyse and integrate the limitations of consumer’s decision-making and difficulties for symbolic consumption in relation to symbolic branding. It highlights the symbolic impact to goods, which influenced by advertising and 21st century consumer’s behaviour propagates hedonistic values. Research methodology – the analysis of theoretical scientific literature, comparative study of conceptions. Findings – support the idea that consumers may modify their principles about the symbolic brand depending on both their self-brand relation as well as the effect of social (both live and virtual) influence. Research limitations – it is necessary to acknowledge that the current research is limited by broad scope consumer behaviour theories and methods (we in passing analysed empirical proves). Practical implications – authors suggest that the emergence of brand subculture on consumer behaviour gives the possibility of adjusting specific marketing strategies and presents the shortcomings of current research by pointing out the trends for future empirical studies. Originality/Value – It also highlights that the consumers’ search of symbolism and meaning in brands correlated with their consumer buying decision models, and we claim it could be related to utility theory. The main aim of this article is to analyse the field of symbols in advertising – in terms of their impact on the consumption process.
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MIKUŠOVÁ, Beáta, Nikoleta JAKUŠ, and Marián HOLÚBEK. "Voluntary cooperation of citizens in the community model of public service delivery." In Current Trends in Public Sector Research. Masaryk University Press, 2020. http://dx.doi.org/10.5817/cz.muni.p210-9646-2020-9.
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Most of the developed countries have implemented new principles of public sector reform – new approaches to the management of the public sector. A major feature of the new public management (NPM) is the introduction of market type mechanisms (MTM) to the running of public service organizations: the marketization of the public service. The marketization of public services aims at a continuous increase in public expenditure efficiency, continual improvements in public services quality, the implementation of the professional management tools in the public sector, and last but not least, charge for public services. Price of public services in mainstream economics theory is connected with preference revelation problem. Economic models explain the relationship between consumer behavior (revealed preferences) and the value of public goods, and thus determine the value of the goods themselves. The aim of the paper is to determine the success of the community model of public service delivery based on the demonstrated preferences of individuals in the consumption of public services / public goods. The direct way of determining the preferences of individuals was used in this paper (willigness to pay and willigness to accept). These preferences will be identified based on the crowdfunding campaign as an example of community model of public goods provision by using survey experiment method. The willingness of individuals to pay is dependent on the individual's relationship with the organisation, the organisation's employees, or sympathise with those for whom the collection is, for whom the project is designed.