This article surveys models of endogenous growth which are based on the microeconomic theory of family behaviour. A special emphasis is placed on the suggested formalization of the preferences, demographic behaviour, investment in human capital, production technology, labour market, and...

We study comparative statics of Nth-degree risk increases within a large class of problems that involve bidimensional payoffs and additive or multiplicative risks. We establish necessary and sufficient conditions for unambiguous impact of Nth-degree risk increases on optimal decision making. We...

The goal of our research is to gain a better understanding of organizational death, by looking at it as a process. This topic of research, with such an apprroach, is not very common in the litterature. The topic of organizational decline has received very little attention from researchers in...

In this paper we study the dynamic general equilibrium path of an economy and the associated optimal growth path in a two-sector overlapping generation model with a stock pollutant. A sector (power generation) is polluting, and the other (final good) is not. Pollution is regulated by tradable...

In this paper we extend the theory of precautionary saving to the case in which uncertainty is multidimensional and we develop a matrix-measure of multivariate prudence. Furthermore, we characterize comparative prudence, decreasing and increasing prudence, the effect of uncertainty on the...

Compulsive consumption is regarded as a global phenomenon that can adversely affect consumer well-being. Although the topic has been studied in different cultural settings, we have seen relatively little theory development and explanations of compulsive behaviour. Nearly all previous empirical...

Since the first commercial launch of cellular telecoms by NET in Tokyo Japan in 1979 and the launch of the NMT system in Denmark, Finland, Norway and Sweden in 1981, the mobile phone has undergone continual incremental innovation for changing market needs. This study investigates the factors...

Mobile phones have taken on the role of providing truly portable and individual communications and computing. Unlike many devices, however, mobile phones can be used anywhere and anytime. Consequently, they are used in social situations such as restaurants and theatres where co-located people...