			Home About us Contact

Consumption Choices (consumption + choice)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	90%

Selected Abstracts

A Martingale Characterization of Consumption Choices and Hedging Costs with Margin Requirements

MATHEMATICAL FINANCE, Issue 3 2000
Domenico Cuoco
This paper examines optimal consumption and investment choices and the cost of hedging contingent claims in the presence of margin requirements or, more generally, of nonlinear wealth dynamics and constraints on the portfolio policies. Existence of optimal policies is established using martingale and duality techniques under general assumptions on the securities' price process and the investor's preferences. As an illustration, explicit solutions are provided for an agent with ,logarithmic' utility. A PDE characterization of the cost of hedging a nonnegative path-independent European contingent claim is also provided. [source]

Implications of Singapore's CPF Scheme on Consumption Choices and Retirement Incomes

PACIFIC ECONOMIC REVIEW, Issue 3 2001
Kim-Lian Lim
Singapore has a unique policy of allowing the use of mandatory social security contributions to finance homeownership. An intertemporal model of housing demand is employed to demonstrate analytically that the CPF scheme can distort an individual's intertemporal and intratemporal consumption choices, and induce Singaporeans to demand more housing than they would otherwise. The withdrawals for housing have also affected the adequacy of CPF balances for financing retirement. Pegging the rate of return on CPF balances to a long-term rate is the long-term solution to curbing excessive withdrawals for housing, and ensuring the adequacy of CPF savings for financing retirement. [source]

Hypothetical Intertemporal Consumption Choices*

THE ECONOMIC JOURNAL, Issue 486 2003
Arie Kapteyn
The paper extends and replicates part of the analysis by Barsky et al. (1997), which exploits hypothetical choices among different consumption streams to infer intertemporal substitution elasticities and rates of time preference. We use a new and much larger dataset than Barsky et al. Furthermore, we estimate structural models of intertemporal choice, while parameterising the parameters of interest as a function of relevant individual characteristics. We also consider ,behavioural' extensions, like habit formation. Models with habit formation appear to be superior to models with intertemporally additive preferences. [source]

Cooking, recipe use and food habits of college students and nutrition educators

INTERNATIONAL JOURNAL OF CONSUMER STUDIES, Issue 4 2002
Ann A. Hertzler
Abstract The purpose of this study was to revisit Lewin's gatekeeper theory to observe current food role patterns (cooking experience, recipe sources, and both daily food consumption choices and eating out) with contemporary groups of college students (n = 292) and of nutrition educators (n = 26). Male college students equalled female students in cooking ability, use of family as a prime recipe source, and frequency of eating out, while exhibiting different food consumption excesses and deficiencies. Package labels and the Internet were most frequently identified as recipe sources by college students. Nutritionists surpassed both male and female college students in most attributes. [source]

Food Scares and Trust: A European Study

JOURNAL OF AGRICULTURAL ECONOMICS, Issue 1 2008
Mario Mazzocchi
Abstract The complex interactions between the determinants of food purchase under risk are explored using the SPARTA model, based on the theory of planned behaviour, and estimated through a combination of multivariate statistical techniques. The application investigates chicken consumption choices in two scenarios: (a) a ,standard' purchasing situation; and (b) following a hypothetical Salmonella scare. The data are from a nationally representative survey of 2,725 respondents from five European countries: France, Germany, Italy, the Netherlands and the United Kingdom. Results show that the effects and interactions of behavioural determinants vary significantly within Europe. Only in the case of a food scare do risk perceptions and trust come into play. The policy priority should be on building and maintaining trust in food and health authorities and research institutions, while food chain actors could mitigate the consequences of a food scare through public trust. No relationship is found between socio-demographic variables and consumer trust in food safety information. [source]

Consumer decision making in low-income families: The case of conflict avoidance

JOURNAL OF CONSUMER BEHAVIOUR, Issue 5 2009
Kathy Hamilton
This paper explores consumer decision making in low-income families. The focus is on the issue of conflict avoidance within the family when making consumption choices. Whereas previous studies have focused on conflict resolution strategies, this paper considers the ways in which families prevent conflict from arising in the first instance. These include individual control in purchasing and budgeting decisions, giving in to the requests of children and ensuring open communication about the family's financial situation. Importantly, the connections between the poverty narrative and the family decision making narrative are considered as the decision making strategies employed are not only aimed at avoiding conflict but also making experiences of poverty more manageable. Copyright © 2009 John Wiley & Sons, Ltd. [source]

Consumption and community: choices for women over forty

JOURNAL OF CONSUMER BEHAVIOUR, Issue 4 2006
Isabelle Szmigin
Women in their 40s face a range of issues regarding how they choose to present themselves to the world; often these choices involve forms of consumption. We talked to two groups of British women and discussed how they felt about themselves and the pressures upon them. We present a discussion which aims to synthesize some of the key features of how these women face their futures and suggest potential theoretical positions to help encapsulate women's present and future selves. We suggest that there are a number of pressures that may engender alternative consumption choices and these are often set within a wider sense of female community. The concept of community should prove useful for further theorising on women's future consumption choices. Copyright © 2006 John Wiley & Sons, Ltd. [source]

Implications of Singapore's CPF Scheme on Consumption Choices and Retirement Incomes

Voluntary simplicity and the ethics of consumption

PSYCHOLOGY & MARKETING, Issue 2 2002
Deirdre Shaw
The increased levels of consumption that have accompanied our consumer-oriented culture have also given rise to some consumers questioning their individual consumption choices, with many opting for greater consumption simplicity. This link between consideration of actual consumption levels and consumer choices is evident among a group of consumers known as ethical consumers. Ethical consumers consider a range of ethical issues in their consumer behavioral choices. Particularly prevalent is voluntary simplification due to concerns for the extent and nature of consumption. Through the presentation of findings from two qualitative studies exploring known ethical consumers, the relationship of consumer attitudes to consumption levels, and how these attitudes impact approaches to consumer behavior, are discussed. © 2002 John Wiley & Sons, Inc. [source]

Making a difference: ethical consumption and the everyday

THE BRITISH JOURNAL OF SOCIOLOGY, Issue 2 2010
Matthew Adams
Abstract Our everyday shopping practices are increasingly marketed as opportunities to ,make a difference' via our ethical consumption choices. In response to a growing body of work detailing the ways in which specific alignments of ,ethics' and ,consumption' are mediated, we explore how ,ethical' opportunities such as the consumption of Fairtrade products are recognized, experienced and taken-up in the everyday. The ,everyday' is approached here via a specially commissioned Mass Observation directive, a volunteer panel of correspondents in the UK. Our on-going thematic analysis of their autobiographical accounts aims to explore a complex unevenness in the ways ,ordinary' people experience and negotiate calls to enact their ethical agency through consumption. Situating ethical consumption, moral obligation and choice in the everyday is, we argue, important if we are to avoid both over-exaggerating the reflexive and self-conscious sensibilities involved in ethical consumption, and, adhering to a reductive understanding of ethical self-expression. [source]

Subjective mortality expectations and consumption and saving behaviours among the elderly

CANADIAN JOURNAL OF ECONOMICS, Issue 3 2010
Martin Salm
Abstract Life expectancy is an important factor that individuals have to take into account for saving and consumption choices. The life-cycle model of consumption and saving behaviour predicts that consumption growth should decrease with higher mortality rates. The aim of this study is to test this hypothesis based on data about subjective longevity expectations from the Health and Retirement Study merged with detailed consumption data from two waves of the Consumption and Activities Mail Survey. This study finds that an increase in subjective mortality by 1% corresponds to an annual decrease in consumption of non-durable goods of around 1.8%. L'espérance de vie est un facteur important dont les personnes doivent tenir compte dans leurs choix de consommation et d'épargne. Le modèle de comportement de consommation et d'épargne au cours du cycle de vie prédit que la croissance de la consommation devrait décroître à mesure que le taux de mortalité augmente. Cette étude met au test cette hypothèse à l'aide de données sur l'espérance de vie subjective tirées des résultats d'une étude sur la santé et la retraite arrimés aux résultats de deux vagues d'enquêtes postales sur la consommation et les activités qui ont produit des données détaillées sur la consommation. Cette étude montre qu'un accroissement de un pour cent dans l'anticipation subjective de mortalité correspond à un déclin d'à peu près 1.8% dans la consommation annuelle de biens non durables. [source]