The aim of this Paper is to demonstrate that advertising can have an important function in markets with consumption externalities, apart from its persuasive and informative roles. We show that advertising may function as ...
The existence of durable goods implies that the welfare flow from consumption cannot be directly associated with total consumption expenditures. As a result, tests of standard theories of consumption (such as the Permanent ...
Article 7 of the EU Energy Performance of Buildings Directive requires Member States to implement energy certification for buildings, and particularly for large public buildings, requires an energy certificate to be displayed ...
If asset returns are predictable, then rational expectations and the arithmetic of budget constraints together imply that these predictable changes in returns should affect current consumption. This paper presents a new ...
We examine the link between private consumption and housing wealth in Ireland. We find that the marginal propensity to consume out of housing wealth is essentially zero. This is in marked contrast to the recent evidence ...
The aim of this article is to demonstrate that advertising can have an important function in markets with consumption externalities apart from its persuasive and
informative roles. We show that advertising may function ...