Applying method of Lagrange multipliers, an attempt has been made to derive mathematical formulation to workout optimal purchasing policy in order to maximize utility of an individual consumer subject to multiple constraints; in this particular illustration, two constraints: 1) budget...

Dans une société très inégalitaire, comme la société péruvienne, l’éducation supérieure est perçue comme le principal canal d’ascension sociale. Une égalité d’opportunité dans l’accès à l’éducation supérieure est un enjeu essentiel aussi bien en terme d’efficacité...

A propitiously timed household survey carried out in Mozambique over the period 2008-09 permits us to evaluate the short-to-medium run relationship between sudden shocks to food prices and child nutrition status. We link local price inflation with child malnutrition status. We find that the...

Textbook discussions of discrete choice modelling focus on binomial and multinomial choice models in which agents select a single response. We consider the situation of non-exclusive multinomial choice. The widely used Marginal Logit Model imposes independence and has other disadvantages. We...

This research aims to comtribute to the discussion on the importance of theoretically consistent modelling for stochastic efficiency analysis. The robustness of policy suggestions based on inferences from efficiency measures crucially depends on theoretically well-founded estimates. The...

The paper examines whether inflation systematically distorts the informational content of price signals. A shadow cost function is specified, and the deviation of shadow from actual prices is modeled as a function of the level of economy-wide inflation, as well as other conditioning variables...

Understanding the informal sector – that represents about 60–90% of urban employment in developing countries – has a significant importance for any strategy and policy interventions aiming to alleviate poverty and improve welfare. I formulate and estimate a model of entrepreneurial choice...

A propitiously timed household survey carried out in Mozambique over the period 2008-09 permits us to evaluate the short-to-medium run relationship between sudden shocks to food prices and child nutrition status. We link local price inflation with child malnutrition status. We find that the...

This study aims to estimate trends in chronic undernutrition (stunting) among children under five years old in Bangladesh at micro-level administrative domains, encompassing sixty four districts and five hundred forty four sub-districts. We utilize remote-sensed data such as nighttime light...