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This paper investigates two central issues regarding state lotteries. First, analyses of multiple sources of
micro-level data demonstrate that household lottery spending is financed primarily by a re...
Using Consumer Theory to Test Competing Business Cycle Models
Consumers luxury goods goods utilization
2015/7/20
Consumer theory suggests that expenditures on luxuries and dura-bles should be more cyclical than expenditures on necessities and nondurables. Estimating luxuriousness and durability for 57 con-sumer ...
Founded in 1974, the Journal of Consumer Research publishes scholarly research that describes and explains consumer behavior. Empirical, theoretical, and methodological articles spanning fields such a...