Purpose – The purpose of this paper is to demonstrate that the externality that arises from environmental tobacco smoke damage is no ordinary externality. Apart from acting to the detriment of passive smokers, tobacco smoking also affects the survival probabilities of smokers. Incorporating...

This paper presents a theoretical bargaining model, which provides a new explanation for the married male wage premium. A worker can extract higher earnings from the firm when married. Whereas the married worker's wage is higher the higher is the income the spouse earns, should the bargaining...

Purpose – The purpose of this paper is to demonstrate that the externality that arises from environmental tobacco smoke damage is no ordinary externality. Apart from acting to the detriment of passive smokers, tobacco smoking also affects the survival probabilities of smokers. Incorporating...