Consumer Behaviour: New Models, New Methods

Consumer Behaviour: New Models, New Methods

This event will bring together an international field of researchers to strengthen interactions between theorists and econometricians. We hope to provide a forum to discuss novel methods for moving between theory and observational data, combining insights from the lab & field and assessing the relative performance of behavioural and neoclassical models.

The conference will be held at Institute for Fiscal Studies.Please contact events@ifs.org.uk to register your interest in this event

Conference Programme

Thursday 3rd October

12.55 – 1.00 Introduction – Richard Blundell (UCL/IFS)
 

1.00 – 2.30 Nonparametric analysis
“Nonparametric analysis of labour supply using random fields” – Ian Crawford (Oxford)
“Nonparametric counterfactuals in random utility models” – Yuichi Kitamura (Yale) and Jörg Stoye
Chair: John Rehbeck (Ohio State)
 

2.30 – 3.00 Coffee

3.00 – 4.30 Supply and demand in differentiated product markets
“Identification and Estimation of Demand for Bundles” – Alessandro Iaria (Bristol) and Ao Wang
“Corrective tax design in oligopoly: taxing sugar sweetened beverages” – Martin O’Connell (IFS) and Kate Smith
Chair: Phil Haile (Yale)

4.30 – 5.00 Coffee

5.00 – 6.30 Present bias and procrastination
“Behavioral Influence” – Christopher P. Chambers, Tugce Cuhadaraglu and Yusufcan Masatlioglu (Maryland)
“Procrastination in the Field: Evidence from Tax Filing” – Seung-Keun Martinez, Stephan Meier and Charles Sprenger (UCSD)
Chair: Imran Rasul (UCL/IFS)

6.30 Dinner (tbc)

Friday 4th October

9.00 – 9.30 Coffee

9.30 – 11.00 Decision making under risk and uncertainty
“Heterogeneous Choice Sets and Preferences” – Levon Barseghayan, Maura Coughlin, Francesca Molinari (Cornell) and Joshua Teitelbaum
“Ever Since Allais and Ellsberg” – Aluma Dembo, Shahar Kariv, Matthew Polisson (Bristol) and John K.-H. Quah
Chair: David Ahn (Berkeley)
 

11.00 – 11.30 Coffee

11.30 – 1.00 Random utility models
“Random models for the joint treatment of risk and time preference” – Jose Apesteguia, Miguel A. Ballester (Oxford) and Angelo Gutierrez
“Statistical Consumer Choice” – Roy Allen, Pawel Dziewulski (Sussex) and John Rehbeck 
Chair: Paola Manzini (Sussex)

1.00 – 2.00 Lunch

2.00 – 3.30 Econometric methods
“Demand Estimation with Many Prices” - Victor Chernozhukov, Jerry Hausman, Whitney Newey (MIT)
“Nonparametric identification in nonlinear simultaneous equations models: The case of covariance restrictions” – P.-A. Chiappori, I.Komunjer, Dennis Kristensen (UCL)
Chair: Andrew Chesher (UCL)

3.30 – 4.00 Coffee

4.00 – 5.30 Consumption and wealth over the lifecycle
“Why do precautionary wealth estimates differ so much? Theory and evidence from Swedish wealth registries” – Jonas Kolsrud (Stockholm)
“Scarred Consumption” – Ulrike Malmendier and Leslie Sheng Shen (Federal Reserve Board)
Chair: Eric French (UCL/IFS)

5.30 – 7.00 Drinks

7.00 Dinner (tbc)

Saturday 5th October

9.00 – 9.30 Coffee
9.30 – 11.00 Consumption and nutrition
“A Simple Estimator of the Intra-Household Distribution of Consumption, Applied to Data from 12 Countries" – Valerie Lechene (UCL), Krishna Pendakur, Alex Wolf
“Nutritional inequality: the role of prices, income and preferences” – Noriko Amano (Cambridge)
Chair: Lars Nesheim (UCL)

11.00 – 11.30 Coffee
11.30 – 1.00 Intra household allocations
“Stable marriage, household consumption and unobserved match quality” – Martin Browning, Laurens Cherchye (Leuven), Thomas Demuynck, Bram De Rock, Frederic Vermeulen
“Inefficient Collective Households: Abuse and Consumption” – Arthur Lewbel (Boston College) and Krishna Pendakur
Chair: Richard Blundell (UCL/IFS)