Microeconomics: Intertemporal Consumer Choice & Savings eJournal最新文献_第10页

Consumption, Leisure, and Money 消费、休闲和金钱

Microeconomics: Intertemporal Consumer Choice & Savings eJournal Pub Date : 2019-07-06 DOI: 10.1017/S1365100519000725

Apostolos Serletis, Libo Xu

引用次数: 5

Effect of Competitive Prices, Completeness of Products, and Locations on Consumer Purchasing Decisions at Metro Electronics & Furniture Rantauprapat 竞争价格、产品完整性和地点对麦德龙电子和家具公司消费者购买决策的影响

Microeconomics: Intertemporal Consumer Choice & Savings eJournal Pub Date : 2019-07-01 DOI: 10.2139/ssrn.3412703

Ade Parlaungan Nasution, Denny Ammari Ramadhan

引用次数: 1

Making Use of Home Equity: The Potential of Housing Wealth to Enhance Retirement Security 利用房屋净值:住房财富增强退休保障的潜力

Microeconomics: Intertemporal Consumer Choice & Savings eJournal Pub Date : 2019-07-01 DOI: 10.2139/ssrn.3468604

J. Bravo, M. Ayuso, R. Holzmann

{"title":"Making Use of Home Equity: The Potential of Housing Wealth to Enhance Retirement Security","authors":"J. Bravo, M. Ayuso, R. Holzmann","doi":"10.2139/ssrn.3468604","DOIUrl":"https://doi.org/10.2139/ssrn.3468604","url":null,"abstract":"The demographic change underway, declining adequacy levels from traditional pay-as-you-go old-age social security systems, structural reforms in pension schemes and the reduction in the traditional family support have increased the need for additional private savings to cover the old age income gap. In this paper we discuss the necessity, the role and the viability of home equity release schemes in supplementing public and private pensions in an integrated way. We use the latest European data from the Eurosystem Household Finance and Consumption Survey (HFCS) to analyse the household's wealth composition and accumulation process in the euro area. To quantify the size of the housing wealth and its potential to enhance existing and future retirement income, we compute the equity-to-value ratio (ETV) for all countries, estimate the time to loan payoff and compute the amount of home equity that is expected to be released over a 10-year period through regular monthly mortgage payments. We then catalogue and discuss the many alternative options for managing and accessing housing wealth over the life cycle, and highlight the main characteristics, risks, advantages and drawbacks of the two most important market products (home reversion plans and reverse mortgages). Finally, we discuss the main demand-side and supply-side obstacles and challenges to the development of equity release markets and extract some policy implications.","PeriodicalId":176300,"journal":{"name":"Microeconomics: Intertemporal Consumer Choice & Savings eJournal","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122235908","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 7

Projective Paternalism 射影家长制

Microeconomics: Intertemporal Consumer Choice & Savings eJournal Pub Date : 2019-07-01 DOI: 10.3386/w26119

Sandro Ambuehl, B. Bernheim, Axel Ockenfels

引用次数: 14

Friends with Bankruptcy Protection Benefits 有破产保护福利的朋友

Microeconomics: Intertemporal Consumer Choice & Savings eJournal Pub Date : 2019-07-01 DOI: 10.2139/ssrn.3287904

Kristoph Kleiner, Noah Stoffman, Scott E. Yonker

引用次数: 7

Relaxed Optimization: Ε-Rationalizability and the Foc-Departure Index in Consumer Theory 放松优化:Ε-Rationalizability与消费者理论中的焦点偏离指数

Microeconomics: Intertemporal Consumer Choice & Savings eJournal Pub Date : 2019-07-01 DOI: 10.2139/ssrn.3527048

Geoffroy de Clippel, Kareen Rozen

引用次数: 1

Factors Influencing Consumer Behavior and Prospective Purchase Decisions in a Dynamic Pricing Environment — An Exploratory Factor Analysis Approach 动态定价环境下影响消费者行为和预期购买决策的因素——探索性因素分析方法

Microeconomics: Intertemporal Consumer Choice & Savings eJournal Pub Date : 2019-06-30 DOI: 10.2139/ssrn.3412528

Vijay Victor, J. Thoppan, R. Nathan, Maria Fekete Farkas

{"title":"Factors Influencing Consumer Behavior and Prospective Purchase Decisions in a Dynamic Pricing Environment — An Exploratory Factor Analysis Approach","authors":"Vijay Victor, J. Thoppan, R. Nathan, Maria Fekete Farkas","doi":"10.2139/ssrn.3412528","DOIUrl":"https://doi.org/10.2139/ssrn.3412528","url":null,"abstract":"The rapid advancements in information and communication technology during the third industrial revolution of the late 20th century has marked the beginning of a new era in the retail sector with the introduction of E-commerce. The dawn of the new century witnessed industry 4.0, revolutionizing all areas of online business by bringing in novel opportunities and possibilities.<br><br>Despite the progress in technology, the determination of correct pricing on online selling platforms still remains a very complex task. The adoption of big data technology has enabled online sellers to make real-time price changes of high magnitude and proximity. However, with increasing awareness among buyers regarding modern pricing strategies, it is necessary to examine probable changes in consumer behavior when exposed to dynamic pricing scenarios. This study investigates the factors that influence consumer behavior, and their prospective online purchase decisions in a dynamic pricing context, through an exploratory factor analysis approach. A primary research survey was conducted, and 178 samples were finalized for data analysis through a series of web surveys completed by respondents in India. This study identifies, measures and classifies 27 research items into variables, namely shopping experience, privacy concerns, awareness about dynamic pricing, buying strategy, fair price perceptions, reprisal intentions and intentions for self-protection. These seven factors could be used to explain consumer behavior in a dynamic pricing situation.","PeriodicalId":176300,"journal":{"name":"Microeconomics: Intertemporal Consumer Choice & Savings eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129565021","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Capacity, Pricing and Assortment Management under Discrete Choice Model with Anticipated Wait 具有预期等待的离散选择模型下的产能、定价与分类管理

Microeconomics: Intertemporal Consumer Choice & Savings eJournal Pub Date : 2019-06-26 DOI: 10.2139/ssrn.3579806

Ruxian Wang

{"title":"Capacity, Pricing and Assortment Management under Discrete Choice Model with Anticipated Wait","authors":"Ruxian Wang","doi":"10.2139/ssrn.3579806","DOIUrl":"https://doi.org/10.2139/ssrn.3579806","url":null,"abstract":"Customers often face multiple choices when purchasing a product or service. After making a choice, they sometimes have to wait for a while before receiving their purchased item due to the firm’s limited capacity<br>to process orders. This paper incorporates the anticipated wait for receiving purchased products or services into customers’ choice behavior. The resulting choice model shares the same spirit of the rational expectation equilibrium, and captures the effects of negative externality caused by the anticipated wait, because all orders may be processed by a common facility. Our analysis shows that the anticipated wait may change the substitution patterns dramatically. We further investigate the effects of the anticipated wait on the decisions of capacity investment, product pricing and assortment planning. We establish the one-to-one mapping between the price vector and the choice probability vector, and show that the equivalent profit function of the choice probabilities is explicitly defined and more tractable. We characterize the multi-product price optimization problem under the MNL model with waiting. In addition to price competition, we also study the Cournot competition, in which the decision is the choice probability for each firm, and show that there exists a Nash equilibrium. For the assortment optimization, we identify the conditions under which the optimality of the revenue-ordered assortment still holds. Because the assortment problem with waiting is generally NP-hard, we develop efficient approximations with performance guarantee and also provide an easy-to-compute tight upper bound. The new model has the potential to increase prediction accuracy for customers’ choice behavior especially when customers faced with multiple choices are aware of the possible waiting for their purchased products. Failure to take into account the effects of the anticipated wait in customers’ purchase behavior may result in substantial losses to firms.","PeriodicalId":176300,"journal":{"name":"Microeconomics: Intertemporal Consumer Choice & Savings eJournal","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126687623","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Gender Issues in Income-Contingent Student Loans: Do Women Benefit? 学生贷款中的性别问题:女性是否受益?

Microeconomics: Intertemporal Consumer Choice & Savings eJournal Pub Date : 2019-06-16 DOI: 10.2139/ssrn.3404747

Tracey West

引用次数: 0

Household Finances and Fiscal Stimulus in 2008 2008年的家庭财政和财政刺激

Microeconomics: Intertemporal Consumer Choice & Savings eJournal Pub Date : 2019-06-15 DOI: 10.2139/ssrn.3716571

M. Boutros

引用次数: 2