Purpose – The object of this paper is to demonstrate that the promotion of altruistic behavior can in fact be regarded as an instrument of public policy. Design/methodology/approach – This objective is achieved by adapting the standard theory of consumer behavior in microeconomics to the...

Purpose – The paper attempts to empirically assess whether GDP per capita or the human capital index is a better measure of happiness. Design/methodology/approach – Cross‐country regressions are run to see how GDP per capita fairs in comparison to the human capital index in explaining...

This paper discusses the problems involved in considering competition policy as a separate area of economic policy. Two problems are given special attention. The first is the doubtful efficiency gain from enforcing competitive conditions in one industry when other industries are not operating at...