This paper presents a numerical examination of sustainability from the perspective of 'genuine savings', using a dataset provided by the World Bank. Unlike previously-used criteria of sustainability that focus on observed paths of genuine savings rates, we consider future sustainability by...

Using original internet-based survey data which was collected in Japan, the authors estimate the parameters of the utility functions with a social comparison using the random utility model framework. In line with classical income comparison literature, this article observes a negative effect of...

We propose a new avenue for studying income comparisons effects, namely hypothetical discrete choice experiments in which respondents are presented with alternative combinations of hypothetical monthly income amounts, both for themselves and certain reference persons. With this experimental...

In this paper, we investigated the relationship between social loss aversion and the competitive sports performance. We found that social loss aversion significantly affected the competitive sports performance in a homogeneous group of male students, but not female students, and that these...

Cambodia has recorded both rapid economic growth and macroeconomic stability in recent decades despite (or thanks to) high levels of dollarization. Previous studies on dollarization in Cambodia have largely focused on examining its causes and estimating seigniorage losses. As an attempt to...