We document a basic characteristic of adverse selection in secondhand markets for durable goods: goods with higher observed quality may have more adverse selection and hence lower unobserved quality. We provide a simple theoretical model to demonstrate this result, which is a consequence of the interaction of sorting over observed quality between drivers with different quality valuations and ad...

of the United States, 1993. U. S. GovernmentPrinting OfficeU.S. Department of Labor, Bureau of LaborStatistics, Consumer Expenditure Survey, microdatafilesU.S. Joint Committee on Taxation. (1993) Methodology and Issues in Measuring Changes in the Distribution of Tax Burdens.

Most studies suggest that environmental taxes are regressive, and thus are unattractive policy options. We consider the distributional effects of a gasoline tax increase using three welfare measures and under three scenarios for gas tax revenue use. To incorporate behavioral responses we use Consumer Expenditure Survey data to estimate a consumer demand system that includes gasoline, other good...

Jeanette Davis is a senior economist in the Branch of Research and Program Development, Division of Consumer Expenditure Surveys, Bureau of Labor Statistics. LINDA STINSON NHIEN TO JEANETTE DAVIS Interest in American expenditures has a long history dating back to the late 1800s, when the Bureau of Labor Statistics (BLS) first looked at the economic welfare of our early immigrants. Today, BLS is...

Objective To investigate trends in out-of-pocket health-care payments and catastrophic health expenditure in India by household age composition. Methods We obtained data from four national consumer expenditure surveys and three health-care utilization surveys conducted between 1993 and 2014. Households were divided into five groups by age composition. We defined catastrophic health expenditur...

The welfare gain to consumers from the introduction of personal computers is estimated here. A simple model of consumer demand is formulated that uses a slightly modi…ed version of standard preferences. The modi…cation permits marginal utility, and hence total utility, to be …nite when the consumption of computers is zero. This implies that the good won’t be consumed at a high enough price. It ...

We document a basic characteristic of adverse selection in secondhand markets for durable goods: goods with higher observed quality may have more adverse selection and hence lower unobserved quality. We provide a simple theoretical model to demonstrate this result, which is a consequence of the interaction of sorting between drivers over observed quality and adverse selection over unobserved qu...

The welfare gain to consumers from the introduction of personal computers is estimated. A simple model of consumer demand is formulated that uses a slightly modi…ed version of standard preferences. The modi…cation permits marginal utility, and hence total utility, to be …nite when the consumption of computers is zero. This implies that the good won’t be consumed at a high enough price. It also ...

Abstract Like many other countries, the United Kingdom (UK) produces a national consumer price index (CPI) to measure inflation. Presently, CPI measures are not produced for regions within UK. It is believed that, using only available data sources, regional would be precise or reliable enough as an official statistic, primarily because partitioning of makes sample sizes too small. We investigat...