Consumer Response to Tax Rebates

Online Appendix for “Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates”

In this section we discuss the sensitivity of our main results to the way in which we calculate the standard errors. These results are reported in Online Appendix Table OA1. We find that the precision of our results is very similar when we use heteroskedasticity-robust standard errors, cluster by week, or cluster by the check date. In theory, it is more conservative to cluster by check date rat...

Did the 2008 Tax Rebates Stimulate Spending?

Only one-fifth of respondents to a rider on the University of Michigan Survey Research Center’s Monthly Survey said that the 2008 tax rebates would lead them to mostly increase spending. Almost half said the rebate would mostly lead them to pay off debt, while about a third saying it would lead them mostly to save more. The survey responses imply that the aggregate propensity to spend from the ...

Consumer Response to Increases in the State Cigarette Tax

Consumer Response to Stockouts

This is a preliminary draft. All comments and suggestions are welcome. Please do not quote without the author's permission. and in particular to the king of advisors, Don Lehmann, whom the author hopes he grows up to be like someday. ABSTRACT We explore consumer responses to stockouts, both in terms of consumer satisfaction with the decision process, and in terms of subsequent store choice beha...

Consumer Response to Apples

I. PRICE AND DEMAND “Why do consumers buy apples?” and “How can we get them to buy more?” These are key questions facing the apple industry. The answers are far from simple and require us to consider eating quality, as well as the beliefs, attitudes and perceptions of consumers. This is the first of three articles that summarize the results from a review of the literature on consumer responses ...