Interpersonal effects in consumption
evidence from the automobile purchases of neighbors
by Mark Grinblatt
"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. There is little evidence that emotional biases, like envy or an urge to conform, lie behind the interpersonal influence in automobile consumption. The most reasonable alternative explanation for these findings is some form of information sharing among neighbors"--National Bureau of Economic Research web site.
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Interpersonal effects in consumption: evidence from the automobile purchases of neighbors
2004, National Bureau of Economic Research
Electronic resource
in English
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Interpersonal effects in consumption: evidence from the automobile purchases of neighbors
2004, National Bureau of Economic Research
in English
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Edition Notes
Includes bibliographical references.
Title from PDF file as viewed on 1/19/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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