The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...

Demographisch gegliederte Nachfragesysteme modellieren Unterschiede im Verbrauch verschiedener Verbrauchergruppen bzw. Haushaltstypen. In der vorliegenden Arbeit wird untersucht, welche Nachfragesysteme einerseits die Restriktionen der neoklassischen Nachfragetheorie erfüllen und andererseits...

We consider the collective model of labor supply with marketable domestic production. We first show that, if domestic production is mistakenly ignored, the collectiveʺ indirect utilities that are retrieved from observed behavior will be unbiased if and only if the profit function is additive....