Consumers' welfare and off-season produce imports

Liquidity effects on consumers’ imports in Trinidad and Tobago

This paper examines the e↵ects of liquidity on the demand for imports of non-durable consumers’ goods in Trinidad and Tobago. A parsimonious vector equilibrium correction model (VEqCM) is used to test the hypotheses that liquidity has both longand short-run e↵ects. The multivariate cointegration approach of Johansen and Juselius (1990) is used to determine long-run relations and general to spec...

Estimating the social welfare effects of New Zealand apple imports

International trade of agricultural products not only generates wealth but is also responsible for the introduction of invasive pests beyond their natural range. Comprehensive bioeconomic modelling frameworks are increasingly needed to assist in the resolution of import access disputes. However, frameworks that combine welfare analysis attributable to trade and invasive species spread managemen...

Impact of Policy of Purchasing Wheat on Welfare of Producers and Consumers in Iran

Wheat is one of the most strategic agricultural products, which has always been a significant issue for the government. The main purpose of this study is to review the policy of purchasing wheat on the welfare of producers and customers in Iran. Due to the significance of wheat in consuming model of Iranian families, this product has been permanently under consideration. The government grants a...

Equilibrium and Welfare in Insurance Markets with Time-Inconsistent Consumers

This paper studies the implications of unobservable consumer naivete on selection and welfare in a competitive insurance market with moral hazard. We identify two distinct forces of sophistication driving the formation of market equilibriums. One is that sophistication helps individuals internalize the incentive to take high effort by adopting some commitment devices, and hence sophisticates ar...

Enhancing Off-Season Motivation in Collegiate Athletes