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.

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