Despite the consistent effort to reduce hunger and poverty, a sizeable proportion of the population in India is living below the poverty line (22% 2011-12) and 36% women and 34% men were underweight. Malnutrition and poverty form a vicious circle of poverty which needs to be removed through...

Most of the surveys in social sciences generally consist of ordinal variables. Sometimes researchers need to model behaviour of ordinal variables in simultaneous equation system involving many endogenous ordinal variables. This situation leads to a very complex likelihood function which is...

In recent years universal health coverage has become an important issue in developing countries. Successful introduction of such a social security system requires knowledge of the relationship between socio-economic status and usage of health care services. This paper examines this relationship,...

Although little talked about in contemporary economics, the collection of principles popularly known as Say‟s Law were profoundly influential upon economists of the classical era. Kates (1997), who has quite a bit to say on the subject and receives much attention here, ascribes such importance...

Oil price behavior has changed dramatically in the last twenty years. These changes can be explained rather simply in terms of the delayed responses of supply and demand to prices, and in terms of changes in the rate of discovery of reserves. This analysis can be used to forecast possible future...

This paper investigates a system of supply, demand, and price equations for Malaysian cocoa using annual data over the period 1975-2008. Theoretically, in supply and demand models, the price variable is treated as endogenous. However, Hausman specification test result indicates that there is no...

I study connected manifolds and prove that a proper map f: M - M is globally invertible when it has a nonvanishing Jacobian and the fundamental group pi (M) is finite. This includes finite and infinite dimensional manifolds. Reciprocally, if pi (M) is infinite, there exist locally invertible...

While the paper lacks a formal abstract, it draws the important distinction between stocks and flows in supply and demand to better understand the business cycle.

A double auction game with an infinite number of buyers and sellers is introduced. All sellers posses one unit of a good, all buyers desire to buy one unit. Each seller and each buyer has a private valuation of the good. The distribution of the valuations define supply and demand functions. One...

The central point of this paper is the demonstration that there is a real world supply and demand theory, supported by an estimate of the US aggregate supply curve. The fundamental idea is that demand and supply interaction is the smallest economic act, an act without which there would be no...