In this paper, we develop a dynamic model for debt repayment behaviors of new customers in the credit card market. We treat customer decisions of whether to be delinquent or not and of how much to pay conditional on deciding not to be delinquent as two separate but possibly correlated decisions and thus view the amount repaid by a delinquent consumer as a censored observation. We assume that th...

Consumer risk preferences over income are derived from the optimal consumption bundle purchased at each income, via the construction of an indirect uility function. The paper shows that, even though an individual may exhibit risk averse preferences over a wide income range, consumer theory predicts that the opportunity to acquire high-priced luxury goods can induce a convexity in the indirect u...

This study focused on the heterogeneity of consumer reactions, measured through poultry meat purchase intentions, when facing three cases of risk. The heterogeneity was analysed by latent class logistic regression that included all three risk cases. Approximately 60% of the respondents belonged to the group of production risk avoiders, in which the intention to purchase risk food was significan...

this study aims to examine the content of isps' websites in two countries, iran and malaysia. the sample contained 31 iranian and 19 malaysian websites. each website was content analyzed for use of various interactivity functions in three dimensions of consumer – message, consumer – marketer and consumer – consumer interactivity. our findings indicate that iranian websites tend to emphasiz...

the purpose of this study was to conduct a quantitative risk assessment for pah exposure forconsumers at a night market in taiwan. the major methods assessed potential risk under different exposure scenarios based on bap equivalent concentration (bapeq) and incremental lifetime cancer risk (ilcr) models. we performed experimental sampling at a night market from 27 october through 22 november 20...

With the rise of electronic commerce, traditional ways of distributing pharmaceuticals have been supplemented by online pharmacies. However, as the online environment offers further opportunities for fraudulent suppliers, there are also dangers associated with the purchase of drugs online (Arruñada 2004). For example, a consumer's health might be jeopardized by counterfeit medications bought on...

We investigate the importance of aggregate and consumer-specific or idiosyncratic labour income risk for aggregate consumption changes in the US over the period 1952-2001. Theoretically, the effect of labour income risk on consumption changes is decomposed into an aggregate and into an idiosyncratic part. Empirically, aggregate risk is modelled through a GARCH process on aggregate labour income...