Document Type
Presentation
Publication Date
November 2013
Publication Title
44th Decision Sciences Institute Annual Meeting
Keywords
Personal Consumption, Consumer Heuristics, Econometrics
Disciplines
Behavioral Economics | Econometrics
Abstract
We conceptualize structure in personal consumption by explicitly defining categorizations of goods and services that consumers typically make in defining and organizing these objectives in their heuristics. Results from estimation of an Almost Ideal (AI) Demand System in each of two study periods generally support the structural differentiation of consumption goods.
Recommended Citation
Steven D. Silver. "Hierarchical Decomposition of U.S. Personal Consumption Expenditure: 1984-1991 and 2000-2006" 44th Decision Sciences Institute Annual Meeting (2013).
