Environmental economists have shown that tradable emission permit markets can reduce the costs to society of pollution reduction. However, when emissions are difficult to monitor and verify, offset credits from pollution reductions may be subject to price discounts that reduce social welfare. In...

This empirical research note uses a large-scale household panel survey for Germany to assess the consumption values of partners and friends. For this purpose, reported individual life satisfaction (as proxy for utility) is regressed on being in a partnership, on the number of friends, on the net...

The behaviour of the permanent and transitory economic shocks for different levels of household's welfare is studied using both consumption and income measures. After testing for heteroskedasticity of the economic shocks, we use local polynomial regression models to estimate the variance of the...

We conduct cusum tests of structural change in a rational addiction model of cigarette demand estimated using a panel of annual time series of state-level data. In contrast to the one previous application of cusum tests to the question of cigarette demand stability, our results provide strong...

We conduct cusum tests of structural change in a rational addiction model of cigarette demand estimated using a panel of annual time series of state-level data. In contrast to the one previous application of cusum tests to the question of cigarette demand stability, our results provide strong...

We present a theoretical framework where agents take into account the fact that their dietary choice affects their health status and hence their life expectancy. The literature that explains the relationship between income heterogeneity, health status and life expectancy has focused on the...

This paper empirically estimates the effect of determinants of changes in human development in developing countries. Based on data from the World Bank and the United Nations Development Programme, we use a sample of twenty-nine developing economies and find that cross-country changes in human...

This paper econometrically estimates the tariff equivalent of sanitary and phytosanitary (SPS) to U.S. apple imports in Japan. Many studies calculate the tariff equivalent of the Japanese SPS to imports of U.S. apple using the price differential between the domestic price and export prices, but...

The impact of the United States' and the European Union's subsidies on world cotton price has been an important subject in recent years. This paper examines the impact that the removal of these subsidies would have on Malian economy (GDP, public accounts, and households' income). The issue is...

Dairy products in developing countries are characterized by two properties, namely, perishability and short-periodic production. These properties are so unique that conventional studies in agricultural economics or in industrial organization might not explain the dairy product supply well....