Painkilling drugs produce a good called relief which reduces the fixed level of bad (pain) the individual is endowed with. These drugs have the side-effect of reducing the utility the individual gets from consuming goods. This means that the shadow price of relief counts not only the cost of...

The income contribution of child work is undoubtedly a key factor influencing child work and schooling decisions. Yet, few studies have attempted to directly measure this contribution. This is particularly the case for work performed on the household farm, as is the case for the vast majority of...

The following highly-cited research monograph, although widely available in libraries, is now out of print: William A. Barnett, Consumer Demand and Labor Supply, North Holland, Amsterdam, 1981. In case you do not have access to the printed book, I have scanned it and put it online below. Since...

This paper is concerned with the effect of household size on the allocation of household money and time to food consumption. A broad literature has examined household economies of scale. Since food is a private good, it might be expected that larger households, which could economize on shared...

According to New Home Economics, valuations of household production based on opportunity cost and market price methods should produce similar estimates. Data from the National Survey of Family and Households are used to assess the extent to which the opportunity cost and market price methods of...

The income contribution of child work is undoubtedly a key factor influencing child work and schooling decisions. Yet, few studies have attempted to directly measure this contribution. This is particularly the case for work performed on the household farm, as is the case for the vast majority of...

Die Untersuchung analysiert, in welchem Umfang und auf welchen Wegen der Wissens- und Humankapitaltransfer durch die Otto-von-Guericke- Universität Magdeburg und die Hochschule Magdeburg-Stendal (FH) in die Wirtschaft Sachsen-Anhalts stattfindet. Ausgehend von der wirtschaftlichen Ausgangslage...

The synchronized disinflation across Europe since end-2011 raises the question of whether non-euro area EU countries are affected by the undershooting of the euro area inflation target. To shed light on this issue, we estimate an open-economy, New Keynsian Phillips curve, in which we control for...