This paper solves the pure consumption Grossman model numerically following dynamic programming method, and undertakes sensitivity analysis of the optimal length of life. This is the first analysis that treats the determination of optimal length of life explicitly with numerical analysis.

This paper solves the pure consumption Grossman model numerically following dynamic programming method, and undertakes sensitivity analysis of the optimal length of life. This is the first analysis that treats the determination of optimal length of life explicitly with numerical analysis.

The paper constructs a two-sector model of endogenous growth for a Mixed Economy characterized by two private inputs, labor and capital, and the services of an accumulable pure public input (of which an important example is infrastructure). Final goods are produced by a competitive private...

The paper constructs a two-sector model of endogenous growth for a Mixed Economy characterized by two private inputs, labor and capital, and the services of an accumulable pure public input (of which an important example is infrastructure). Final goods are produced by a competitive private...

Consumers' beliefs in the benefits of reducing fat intakes, especially saturated fat, and of increasing calcium intake from such foods dairy products, depend upon the acquired information related to diet and health. This study develops new health information measures from different sources. The...