The availability of quantity information along with expenditure information in some household surveys allows the estimation of price reactions on the basis of unit values. We compare two specifications that have been proposed in this context by Deaton (1990) and Crawford et al. (1997) in order...

To operate effectively in global markets, marketing managers need to understand that consumer response to globalization may be more complex than is commonly assumed. We examine a proposed conceptual framework to describe consumers' responses to globalization through a cross-national survey on...

In this paper, we derive several alternative pricing schemes to allocate worldwide taxation burden to reduce carbon emissions. We compare traditional allocation schemes with an optimal Ramsey pricing by applying the outcome of modeling heterogeneous consumer behavior across countries. Using...

Background: Genetically modified (GM) foods could be a promising option to reduce the dependence of the agri-food system on conventional means of crop improvement. However, the safety of GM food remains a concern, in addition to the perceived and real risks to environment. The opinion about...

To analyze the opioid epidemic, we construct a model where individuals, with and without pain, choose whether to misuse opioids knowing the probabilities of addiction and dying. These odds are functions of opioid use. Markov chains are estimated from the US data for the college and non–college...

Advances in information technology have fundamentally altered how we make decisions, as well as the range of alternative options we might consider when deciding. From fairly trivial decisions to important ones, our decisions are increasingly informed by online expert or “crowd-sourced”...

We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require an a priori assumption on the underlying functional form. This approach reveals a plateau completely missed by commonly used (nonlinear) parametric approaches - the economy...

This appendix extends simulation and empirical results reported in Mancini and Trojani (2010). It discusses the choice of the robustness tuning constants; describes the unconditional, independence and conditional coverage tests for VaR forecast evaluation; provides additional Monte Carlo...

This paper generalizes the approach of Zhou, van den Akker, Werker (2019), which was designed to derive semiparametric power envelope and construct efficient rank-based tests for the univariate unit root testing problem. The generalization is threefold. First, it becomes a unified method...

This paper proposes a new approach to examine the relationship between CO2 emissions and economic developing. In particular, we propose to test the Environmental Kuznets Curve (EKC) hypothesis for a panel of 24 OECD countries and 32 non-OECD countries by developing a more flexible estimation...