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Applied Economics Letters
Article . 2011 . Peer-reviewed
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SSRN Electronic Journal
Article . 2009 . Peer-reviewed
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EconStor
Research . 2009
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On the arbitrariness of consumption

Authors: John Whalley; Shunming Zhang;

On the arbitrariness of consumption

Abstract

We discuss a simple model of choices of joint consumption by a working couple who place maintenance of their marriage (relationship) above all else. Any proposal made by one partner seeking to provide maximal utility to the other so as to preserve the marriage, in the case where preferences of partners are unknown, will be accepted. In this sense consumption is arbitrary. In the concluding section, we suggest that while overly simple, this structure may characterize to some degree significant amounts of observed consumption, emphasizing how social arrangements and the value placed on them by individuals can impact on observed economic behaviour.

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Keywords

ddc:330, Soziale Werte, Values, Haushaltsökonomik, C50, values, preferences, lexicographic, relationship, partners, A10, lexicographic, Preferences, relationship, D01, Konsumtheorie, partners, Konsuminterdependenz, A12, Ehe, A13, Theorie, jel: jel:A10, jel: jel:C50, jel: jel:D01, jel: jel:A12, jel: jel:A13

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    popularity
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    influence
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
2
Average
Average
Average
bronze