The Turkish macroeconomic experience since 2002 has been characterized by three striking trends: (1) an accelerated growth rate of income, (2) a sharp decline in the real interest rate, and (3) a sustained fall in the saving rate of different age-groups. During the same period, there has also...

We examine the flood insurance decisions of over 100,000 households, using standard expected utility models and rank dependent utility models that incorporate probability distortions. Consumers' insurance choices provide important insights into their risk attitudes. Previous research has...

We analyse the effects of distortionary company car taxation through increased household carownership for the Netherlands. We use several identification strategies and demonstrate thatfor about 20 percent of households company car possession increases car ownership. Theannual welfare loss of...

The design of alternative tariff structures can serve as a low-cost and effective tool in achieving higher take-up of basic services among poor households while allowing the provider to recover costs. A contingent valuation survey from the Water Supply and Sanitation Project of the Asian...

We consider optional TOU (time-of-use) pricing for residential consumers as an alternative to a single TOU or flat rate structure offered by a publicly regulated electricity supplier. A general equilibrium model is developed and used to explore and quantify the effects of optional pricing on...

Do households' recycling efforts represent a social cost, which should be taken into account in cost-benefit analyses of alternative waste treatment systems.' Some argue that it should not, since recycling efforts are to a large extent voluntary. We demonstrate that if the government can...

Spanis Abstract: Las reformas de mediados de los noventa, basadas en las leyes 142 y 143 de 1994, introdujeron cambios institucionales y metodológicos en la regulación tarifaria para los servicios de electricidad y acueducto en Colombia. Este artículo, además de reseñar dichos cambios,...

Since the start of sharp electricity tariff increases in 2008, South African household demand for electricity has not been significantly affected. However, the combination of economic realities and ongoing electricity tariff increases will eventually compel households to reduce their electricity...

Competition in public utility sectors has been encouraged in recent years throughout Europe. In this paper we try and analyse the welfare effects of these reforms in Italy, with particular attention to water and energy goods. The first step is to introduce a sensible measure of affordability of...