We reconsider the identification and estimation of Gorman-Lancaster-style hedonic models of demand for differentiated products in the spirit of Sherwin Rosen. We generalize Rosen's first stage to account for product characteristics that are not observed and to allow the hedonic pricing function to have a general nonseparable form. We take an…

Addresses research issues related to the economics of electronic, Internet-based markets. Discusses consumer cost-based differences for traditional and electronic markets; revenue implications for sellers and transaction intermediaries; and results of an empirical, survey-based study of an electronic market in the sports trading-card industry.…

Distinguished international scholars from a wide range of disciplines (including curriculum studies, foundations of education, adult education, higher education, and consumer education) come together in this book to explore consumption and its relation to learning, identity development, and education. Readers will learn about a variety of ways in…

A study examined the used goods market as it affects older adults. A set of open-ended questions was administered to 100 respondents over sixty years of age who were either retired or near retirement, married or widowed, and suburban or rural. Interviews were conducted to derermine the effects of the used goods market on the elderly consumer, to…

Examines the role of the stability of consumer tastes in descriptive theory. Summarizes the traditional approach to the derivation of the consumer's preference structure, considers ways in which the conventional theory has been extended, presents the Stigler-Becker theory of consumer choice, and evaluates both approaches. (GEA)

Analyzes changes in household formation and housing choices, fuel rates, per capita income, technological developments, and equipment efficiences to show that residential energy use growth could reach zero by the year 2000. (MLH)

Describes a simulation game developed to introduce elementary school students to basic economic concepts, including scarcity, availability, resource utilization, trade-offs, and demand and barter. The simulation, based on a shortage of chocolate milk in the elementary school lunch room, stressed problem solving skills. (DB)

Reviews four broad clusters of concepts which are of fundamental importance for consumer economic understanding in the secondary school and gives suggestions that can be used to build a consumer economics program in the secondary school. (LRA)

The rhetoric of political campaigns is loaded with references about the economy. Terms such as unemployment, recession, and GDP are often used carelessly, without regard to definitions or qualifications. That makes economists cringe and is a special problem for social studies teachers who are expected to know about such things. In this article,…

Following the behavior-analytic tradition of analyzing individual behavior, the present research investigated demand elasticity of individual consumers purchasing supermarket products, and compared individual and group analyses of elasticity. Panel data from 80 UK consumers purchasing 9 product categories (i.e., baked beans, biscuits, breakfast…

Considered a subject new to the Netherlands, economic psychology, the study of the psychological aspects of the economic behavior of individuals and groups. (Author/RK)

Discusses changes in five major economic aspects of family life (market roles, household task roles, work schedules, household production, and job satisfaction) concerning knowledge about these five aspects, issues raised by them, and interrelationships among these aspects. (CT)

Some changes in the 1976 well-being of the family will require Americans to change their values as well as their consumption levels. Factors affecting consumption levels are the population as a whole, employment levels, industrial and business activities, income, personal expenditures, and consumer attitudes. (TA)

Discusses the changing role of the poster in European countries and its constant updating to meet new commercial needs. Notes that among the studies focusing on the poster, there is a clear emphasis on the assessment and evaluation of design criteria rather than on the use of language. The sole purpose of the poster in the cities surveyed is to…