“China has been working toward dairy self-sufficiency by investing in dairy farms, which has been bringing import values down ...

A common theme in some recent research is that what the rational economic theory presumes is often out of step with what consumers say and do. In the latest salvo, a team of researchers including ...

Print media saw significant disruption during the coronavirus pandemic as many people moved online for news and information, but consumers’ preference for receiving and reading print on paper has ...

We prove that defining consumers' preferences over budget sets is both necessary and sufficient to make every fully informative and finite set of observed consumption choices rationalizable by a ...

This is a preview. Log in through your library . Abstract The standard model for the diffusion of innovations in consumer behavior does not adequately account for the incorporation of novel items of ...

Increasing sales of orchids are the second fastest-growing group of potted flowering plants in the United States, outranked only by poinsettias. A consumer study conducted in Hawaii revealed that ...

Hugo Sonnenschein, the Adam Smith Distinguished Service Professor in Economics, has received an important international prize in recognition of his contributions to economic theory. Watch video ...