How much and how often: A model of repeated consumption with endogenous consumption frequency Academic Article

abstract

• We study the consumption pattern for a "repeated good" in which individuals choose both consumption frequency and intensity in response to income, price and setup cost. Results include that increased setup costs reduce frequency and increase intensity, and that the effects of a setup cost increase are qualitatively different from those of a price increase or an income reduction. 2010 Elsevier B.V.

authors

• Saving, Thomas

published proceedings

• ECONOMICS LETTERS

author list (cited authors)

• Liu, L., Rettenmaier, A. J., & Saving, T. R.

citation count

• 2

complete list of authors

• Liu, Liqun||Rettenmaier, Andrew J||Saving, Thomas R

publication date

• January 2011

publisher

• Elsevier  Publisher

published in

• Economics Letters  Journal

keywords

• Alchian-Allen Theorem
• Consumer Choice
• Endogenous Consumption Frequency
• Setup Cost

Digital Object Identifier (DOI)

• 10.1016/j.econlet.2010.11.032

start page

• 186

end page

• 188

volume

• 110

issue

• 3

URL

• http://dx.doi.org/10.1016/j.econlet.2010.11.032