Kooperativer Bibliotheksverbund

UID:

Format: 1 online resource (72 pages)

Series Statement: Policy research working papers.

Content: Do poor households shop in a way that leaves money on the table? A simple way to maximize consumption, conditional on available cash, is to avoid regularly purchasing small amounts of nonperishable goods when bulk discounts are available at modestly larger quantities. Using two-week transaction diaries covering 48,501 purchases by 1,493 households in Tanzania, this paper finds that through bulk purchasing the average household could spend 8.7 percent less without reducing purchasing quantities. Several explanations for this pattern are investigated, and the most likely mechanisms are found to be worries about over-consumption of stocks and avoidance of social taxation. Contrary to prior work, there is little indication that liquidity constraints prevent poorer households in the sample from buying in bulk, possibly because the bulk quantities under examination are not very large.

Language: English

DOI: 10.1596/1813-9450-9167

URL: Volltext  (kostenfrei)

UID:

ISBN: 9780444633897

Content: In this chapter, we present theories and applications of reference-dependent preferences. We provide some historical perspective, but also move quickly to the current research frontier, focusing on developments in reference dependence over the last 20 years. We present a number of worked examples to highlight the broad applicability of reference dependence. While our primary focus is gain–loss utility, we also provide a short treatment of probability weighting and its links to reference dependence.

In: Handbook of behavioral economics - foundations and applications ; volume 1, Amsterdam : North-Holland, Elsevier, 2018, (2018), Seite 1-77, 9780444633897

In: year:2018

In: pages:1-77

Language: English

DOI: 10.1016/bs.hesbe.2018.07.003

URL: Volltext  (Deutschlandweit zugänglich)

UID:

Format: 1 Online-Ressource (circa 72 Seiten) , Illustrationen

Series Statement: Policy research working paper 9167

Content: Do poor households shop in a way that leaves money on the table? A simple way to maximize consumption, conditional on available cash, is to avoid regularly purchasing small amounts of nonperishable goods when bulk discounts are available at modestly larger quantities. Using two-week transaction diaries covering 48,501 purchases by 1,493 households in Tanzania, this paper finds that through bulk purchasing the average household could spend 8.7 percent less without reducing purchasing quantities. Several explanations for this pattern are investigated, and the most likely mechanisms are found to be worries about over-consumption of stocks and avoidance of social taxation. Contrary to prior work, there is little indication that liquidity constraints prevent poorer households in the sample from buying in bulk, possibly because the bulk quantities under examination are not very large

Additional Edition: Erscheint auch als Druck-Ausgabe Dillon, Brian Paying More for Less: Why Don't Households in Tanzania Take Advantage of Bulk Discounts? Washington, D.C : The World Bank, 2020

Language: English

Keywords: Graue Literatur

DOI: 10.1596/1813-9450-9167

URL: lizenzpflichtig

URL: Deutschlandweit zugänglich

UID:

Format: 42 S. , graph. Darst.

Series Statement: Centre for Economic Policy Research 〈London〉: Discussion paper series 1951 : Industrial organization

Note: Auch als el. Ress. verfügbar

Language: English

Subjects: Economics

Author information: Zweimüller, Josef 1959-

UID:

Format: 1 online resource (72 pages)

Series Statement: Policy research working papers.

Content: Do poor households shop in a way that leaves money on the table? A simple way to maximize consumption, conditional on available cash, is to avoid regularly purchasing small amounts of nonperishable goods when bulk discounts are available at modestly larger quantities. Using two-week transaction diaries covering 48,501 purchases by 1,493 households in Tanzania, this paper finds that through bulk purchasing the average household could spend 8.7 percent less without reducing purchasing quantities. Several explanations for this pattern are investigated, and the most likely mechanisms are found to be worries about over-consumption of stocks and avoidance of social taxation. Contrary to prior work, there is little indication that liquidity constraints prevent poorer households in the sample from buying in bulk, possibly because the bulk quantities under examination are not very large.

Language: English

DOI: 10.1596/1813-9450-9167

UID:

Format: 1 online resource (72 pages)

Series Statement: Policy research working papers.

Content: Do poor households shop in a way that leaves money on the table? A simple way to maximize consumption, conditional on available cash, is to avoid regularly purchasing small amounts of nonperishable goods when bulk discounts are available at modestly larger quantities. Using two-week transaction diaries covering 48,501 purchases by 1,493 households in Tanzania, this paper finds that through bulk purchasing the average household could spend 8.7 percent less without reducing purchasing quantities. Several explanations for this pattern are investigated, and the most likely mechanisms are found to be worries about over-consumption of stocks and avoidance of social taxation. Contrary to prior work, there is little indication that liquidity constraints prevent poorer households in the sample from buying in bulk, possibly because the bulk quantities under examination are not very large.

Language: English

DOI: 10.1596/1813-9450-9167

UID:

Format: 1 Online-Ressource

Series Statement: Policy Research Working Paper No. 9167

Content: Do poor households shop in a way that leaves money on the table? A simple way to maximize consumption, conditional on available cash, is to avoid regularly purchasing small amounts of nonperishable goods when bulk discounts are available at modestly larger quantities. Using two-week transaction diaries covering 48,501 purchases by 1,493 households in Tanzania, this paper finds that through bulk purchasing the average household could spend 8.7 percent less without reducing purchasing quantities. Several explanations for this pattern are investigated, and the most likely mechanisms are found to be worries about over-consumption of stocks and avoidance of social taxation. Contrary to prior work, there is little indication that liquidity constraints prevent poorer households in the sample from buying in bulk, possibly because the bulk quantities under examination are not very large

Note: Africa , Tanzania , English

Language: English

URL: kostenfrei

URL: kostenfrei

UID:

Format: 1 Online-Ressource

Series Statement: World Bank Economic Review

Content: Do poor households shop in a way that leaves money on the table? A simple way to maximize consumption, conditional on available cash, is to avoid regularly purchasing small amounts of nonperishable goods when bulk discounts are available at modestly larger quantities. Using two-week transaction diaries covering 48,501 purchases by 1,493 households in Tanzania, this article finds that through bulk purchasing the average household could spend 8.7 percent less without reducing purchasing quantities. Several explanations for this pattern are investigated, and the most likely mechanisms are found to be worries about over-consumption of stocks and avoidance of social taxation. Contrary to prior work, there is little indication that liquidity constraints prevent poorer households in the sample from buying in bulk, possibly because the bulk quantities under examination are not very large

Note: en_US

Language: English

URL: kostenfrei

UID:

Format: 1 online resource (768 p.) : , 50 line illus. 25 tables.

ISBN: 9781400829118

Series Statement: The Roundtable Series in Behavioral Economics

Content: Twenty years ago, behavioral economics did not exist as a field. Most economists were deeply skeptical--even antagonistic--toward the idea of importing insights from psychology into their field. Today, behavioral economics has become virtually mainstream. It is well represented in prominent journals and top economics departments, and behavioral economists, including several contributors to this volume, have garnered some of the most prestigious awards in the profession. This book assembles the most important papers on behavioral economics published since around 1990. Among the 25 articles are many that update and extend earlier foundational contributions, as well as cutting-edge papers that break new theoretical and empirical ground. Advances in Behavioral Economics will serve as the definitive one-volume resource for those who want to familiarize themselves with the new field or keep up-to-date with the latest developments. It will not only be a core text for students, but will be consulted widely by professional economists, as well as psychologists and social scientists with an interest in how behavioral insights are being applied in economics. The articles, which follow Colin Camerer and George Loewenstein's introduction, are by the editors, George A. Akerlof, Linda Babcock, Shlomo Benartzi, Vincent P. Crawford, Peter Diamond, Ernst Fehr, Robert H. Frank, Shane Frederick, Simon Gächter, David Genesove, Itzhak Gilboa, Uri Gneezy, Robert M. Hutchens, Daniel Kahneman, Jack L. Knetsch, David Laibson, Christopher Mayer, Terrance Odean, Ted O'Donoghue, Aldo Rustichini, David Schmeidler, Klaus M. Schmidt, Eldar Shafir, Hersh M. Shefrin, Chris Starmer, Richard H. Thaler, Amos Tversky, and Janet L. Yellen.

Note: Frontmatter -- , CONTENTS -- , LIST OF CONTRIBUTORS -- , PREFACE -- , ACKNOWLEDGMENTS -- , PART I: Introduction -- , CHAPTER ONE. Behavioral Economics: Past, Present, Future -- , PART II: Basic Topics -- , REFERENCE-DEPENDENCE AND LOSS-AVERSION -- , CHAPTER TWO. Experimental Tests of the Endowment Effect and the Coase Theorem -- , CHAPTER THREE. Mental Accounting Matters -- , PREFERENCES OVER RISKY AND UNCERTAIN OUTCOMES -- , CHAPTER FOUR. Developments in Nonexpected-Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk -- , CHAPTER FIVE. Prospect Theory in the Wild: Evidence from the Field -- , INTERTEMPORAL CHOICE -- , CHAPTER SIX. Time Discounting and Time Preference: A Critical Review -- , CHAPTER SEVEN. Doing It Now or Later -- , FAIRNESS AND SOCIAL PREFERENCES -- , CHAPTER EIGHT. Fairness as a Constraint on Profit Seeking: Entitlements in the Market -- , CHAPTER NINE. A Theory of Fairness, Competition, and Cooperation -- , CHAPTER TEN. Incorporating Fairness into Game Theory and Economics -- , CHAPTER ELEVEN. Explaining Bargaining Impasse: The Role of Self-Serving Biases -- , GAME THEORY -- , CHAPTER TWELVE. Theory and Experiment in the Analysis of Strategic Interaction -- , CHAPTER THIRTEEN. Behavioral Game Theory: Predicting Human Behavior in Strategic Situations -- , PART III: Applications -- , MACROECONOMICS AND SAVINGS -- , CHAPTER FOURTEEN. Mental Accounting, Saving, and Self-Control -- , CHAPTER FIFTEEN. Golden Eggs and Hyperbolic Discounting -- , CHAPTER SIXTEEN. The Fair Wage-Effort Hypothesis and Unemployment -- , CHAPTER SEVENTEEN. Money Illusion -- , LABOR ECONOMICS -- , CHAPTER EIGHTEEN. Fairness and Retaliation: The Economics of Reciprocity -- , CHAPTER NINETEEN. Labor Supply of New York City Cab Drivers: One Day at a Time -- , CHAPTER TWENTY. Wages, Seniority, and the Demand for Rising Consumption Profiles -- , CHAPTER TWENTY-ONE. Incentives, Punishment, and Behavior -- , FINANCE -- , CHAPTER TWENTY-TWO. Myopic Loss-Aversion and the Equity Premium Puzzle -- , CHAPTER TWENTY-THREE. Do Investors Trade Too Much? -- , CHAPTER TWENTY-FOUR. Loss-Aversion and Seller Behavior: Evidence from the Housing Market -- , PART FOUR: NEW FOUNDATIONS -- , CHAPTER TWENTY-FIVE. Case-Based Decision Theory -- , CHAPTER TWENTY-SIX. Out of Control: Visceral Influences on Behavior -- , INDEX , In English.

Language: English

DOI: 10.1515/9781400829118

URL: https://doi.org/10.1515/9781400829118

URL: https://www.degruyter.com/isbn/9781400829118

URL: https://doi.org/10.1515/9781400829118

URL: https://www.degruyter.com/isbn/9781400829118