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Decision Strategy and Structure in Households: A “Groups” Perspective

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Author Info

  • Wiktor Adamowicz

    ()

  • Michel Hanemann

    ()

  • Joffre Swait

    ()

  • Reed Johnson

    ()

  • David Layton

    ()

  • Michel Regenwetter

    ()

  • Torsten Reimer

    ()

  • Robert Sorkin

    ()

Abstract

From a practical perspective, (arguably) most consumer decisions are not made in isolation of the households in which consumers are inserted, yet we commonly treat them econometrically as if they were. The purpose of this workshop was to take some initial steps in defining needed research in household decision making that structurally accounts for goal sharing, utility interdependence, taste heterogeneity, choice set formation, power structures, group size and composition, and so forth. We also considered conditions under which aggregation of tastes, utility and choices might occur and make sense from both behavioral and modeling perspectives. Copyright Springer Science + Business Media, Inc. 2005

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Bibliographic Info

Article provided by Springer in its journal Marketing Letters.

Volume (Year): 16 (2005)
Issue (Month): 3 (December)
Pages: 387-399

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Handle: RePEc:kap:mktlet:v:16:y:2005:i:3:p:387-399

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Web page: http://www.springerlink.com/link.asp?id=100312

Related research

Keywords: household decision making; household choice behavior; choice modeling; economic models of decision making;

References

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  1. Haag, Matthew & Lagunoff, Roger, 2002. "On the Size and Structure of Group Cooperation," The Warwick Economics Research Paper Series (TWERPS) 650, University of Warwick, Department of Economics.
  2. Frederic Vermeulen, 2000. "Collective household models: principles and main results," Public Economics Working Paper Series ces0028, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Working Group Public Economics.
  3. Pete, Andras & Pattipati, Krishna R & Kleinman, David L, 1993. " Optimal Team and Individual Decision Rules in Uncertain Dichotomous Situations," Public Choice, Springer, vol. 75(3), pages 205-30, March.
  4. Robert A. Pollak, 2002. "Gary Becker's Contributions to Family and Household Economics," NBER Working Papers 9232, National Bureau of Economic Research, Inc.
  5. Zhang, Junyi & Timmermans, Harry J. P. & Borgers, Aloys, 2005. "A model of household task allocation and time use," Transportation Research Part B: Methodological, Elsevier, vol. 39(1), pages 81-95, January.
  6. M. Browning & P. A. Chiappori, 1998. "Efficient Intra-Household Allocations: A General Characterization and Empirical Tests," Econometrica, Econometric Society, vol. 66(6), pages 1241-1278, November.
  7. Barbara Bergmann, 1995. "Becker's theory of the family: Preposterous conclusions," Feminist Economics, Taylor & Francis Journals, vol. 1(1), pages 141-150.
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Citations

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Cited by:
  1. Vij, Akshay, 2013. "Incorporating the Influence of Latent Modal Preferences in Travel Demand Models," University of California Transportation Center, Working Papers qt7ng2z24q, University of California Transportation Center.
  2. Torsten Reimer & Ulrich Hoffrage, 2006. "The Ecological Rationality of Simple Group Heuristics: Effects of Group Member Strategies on Decision Accuracy," Theory and Decision, Springer, vol. 60(4), pages 403-438, 06.
  3. Marcella Veronesi & Martina Menon & Federico Perali, 2007. "Extensions of the Traditional Travel Cost Model of Non-Market Valuation to a Collective Framework: Evidence from the Field," Working Papers 42/2007, University of Verona, Department of Economics.
  4. Nesha Beharry-Borg & David Hensher & Riccardo Scarpa, 2009. "An Analytical Framework for Joint vs Separate Decisions by Couples in Choice Experiments: The Case of Coastal Water Quality in Tobago," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 43(1), pages 95-117, May.
  5. Vij, Akshay, 2013. "Incorporating the Influence of Latent Modal Preferences in Travel Demand Models," University of California Transportation Center, Working Papers qt7nq9p0cv, University of California Transportation Center.
  6. Prabhu, Vimalanand S., 2010. "Tests of Intrahousehold Resource Allocation Using a CV Framework: A Comparison of Husbands' and Wives' Separate and Joint WTP in the Slums of Navi-Mumbai, India," World Development, Elsevier, vol. 38(4), pages 606-619, April.

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