44th Decision Sciences Institute Annual Meeting
Personal Consumption, Consumer Heuristics, Econometrics
Behavioral Economics | Econometrics
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.
Steven D. Silver. "Hierarchical Decomposition of U.S. Personal Consumption Expenditure: 1984-1991 and 2000-2006" 44th Decision Sciences Institute Annual Meeting (2013).