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 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...

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...

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...

Using panel data unit root tests and Johansen Co-integration tests, as well as the Engle-Granger -correction model to test for causality, this study examines the effect of FDI on agriculture sector productivity (x6), market size (x2), macroeconomic performance (x3), infrastructure (x4),...

This paper aims at examining the impact of supermarkets on the Chinese dietary structure. Using the China Health and Nutrition Survey data, the effects of the distance to the nearest supermarket on individual food consumption are estimated. While the existing research focuses mostly on...

The present study investigates the price dynamics of two agricultural commodities, pork and poultry, in order to determine whether there is a single or multiple markets within the EU. The investigation relies on the notion of a price club (meaning a group of countries in which prices obey the...