We develop a theoretical model that jointly explains optimal choices and happiness. We work with constant elasticity of substitution functions for utility and happiness. Employing a choice framework, individuals are confronted with two options. When there exists a trade-off, we determine...

When we talk about the consumption of a food, we must take into account its importance for a balanced human diet, its production capacity, consumer preferences for that food and, last but not least, retail prices. Taking into account the current challenges regarding the provision of food for the...

We show that parts of the unexplained wage gap in standard Oaxaca-Blinder decompositions result from the neglect of the role played by the family for individual wages. We present a simple model of dual-earner households facing a trade-off regarding whose career to promote and show analytically...