• Drinking a bitter beverage increases happy participants' inclination to save money. • Drinking a bitter beverage decreases unhappy participants' inclination to save money. • Priming bitterness-related concepts increases happy participants' inclination to save money. • Priming bitterness-related concepts decreases unhappy participants' inclination to save money. • Drinking a bitter beverage de...

electronic shopping has increased in recent years increasingly. people who use this channel as an instrument of marketing and selling of goods, understand that consumers do not only focus on timely delivery of goods. but they are also looking for new and different products. thus, the marketers and companies must understand the innovative elements that effective on consumer purchases. in the pre...

This study analyzes the automobile purchase behavior of all residents of two Finnish provinces over several years. It finds that a consumer's purchases are strongly influenced by the purchases of his neighbors, particularly purchases in the recent past and by neighbors who are geographically most proximate. Most of the evidence points to information sharing rather than envy as a generator of co...

This paper uses a simple money demand and supply framework to estimate the impact of quantitative easing (QE) on asset prices and nominal spending. We use standard money accounting to try to establish the impact of asset purchases on broad money holdings. We show that the initial impact of £200 billion of asset purchases on the money supply was partially offset by other ‘shocks’ to the money su...

We study the implications of constant money growth rules on the stability properties of the equilibrium, in economies where agents are subject to a partial cash-in-advance constraint applying simultaneously to consumption and investment purchases. By reference to similar models in which the liquidity constraint applies only to consumption, we show that the inclusion of investment has dramatic, ...

Since 1993, the conduct of monetary policy in Australia has been based on an inflation target. Under this framework, the aim of policy is for underlying inflation to average 2 to 3 per cent per annum in the medium term. Underlying inflation can be measured in a number of ways but each of these measures shows that the target has been achieved so far in the 1990s (see Table 1). The concept of und...

With advances in information and communication technologies (ICT), companies and platforms look to use the increasing volume and diversity of user-generated content (UGC) to predict consumer behavior, but with mixed results. In this study, we propose a text mining technique to find support for self-presentation in online social media and show that this is correlated with the content producer’s ...

Consumers with limited discretionary money face important trade-offs when decid10 ing how to spend it. In the current research, we suggest that feelings of financial constraint increase consumers’ concern about the lasting utility of their purchases, which in turn increases their preference for material goods over experiences. The results of seven studies confirm that the consideration of finan...