The increase in the incidence and intensity of multiple shocks emanating from various fronts has left households vulnerable to upheavals, case point, food shortage—a prerequisite insecurity poor nutrition. In analysing nexus between remittances security nutrition context shocks, paper adopts links household utility framework insurance hypothesis new economic labour migration theory. Using copin...

The purpose of this paper is to assess the impact of reducing the magnitude of the cross-subsidy in telephone services pricing that flows from long-distance service to local service on the consumption of both of these telephone services and consumer welfare at the household level. Our econometric modeling framework specifies a complete system of household-level demand functions that are derived...

The Kingdom of Saudi Arabia, the largest nation in the Arabian Peninsula is divided into 13 regions, which are of different development levels in terms of both population and public utility infrastructure. More than the other regions, population is high in Al-Riyadh, Makkah Al-Mokarramah, and the Eastern Region, due to urbanization. The current analysis of census results is aimed at understandi...

Plug-in electric vehicles (PEVs), consisting of battery (BEVs) and plug-in hybrid (PHEVs), combined with the decarbonization electricity sector, can significantly help reduce greenhouse gas emissions in transport sector. This study used empirical data from 287 households at least one vehicle California between 2016 2020. We estimated miles traveled (eVMT), fuel consumption utility factor househ...

In this work we explore the impact of alternative tax-benefits systems on household welfare. The framework of our analysis is the theory of optimal taxation with the distribution of potential wages replaced by the distribution of household abilities. The latter has been calculated by inversion of the household’s utility maximisation problem. This methodology has been then implemented in order t...

We consider a stochastic overlapping generations model for a continuum of individuals with finite lives in presence of a financial market. In this paper, agent’s heterogeneity is given by the dates of birth of the households, on the contrary to standard models, in which each agent has his own aversion coefficient on his utility function. By means of the martingale arguments, we compute the agen...

We use a stated choice experiment to estimate household willingness-to-pay for a program providing incentives to private forest land owners in the Red Hills region of southwest Georgia and northwest Florida. The estimated values of various program attributes inform a landscape analysis that identifies high-priority private forest land that could be targeted for conservation incentives. Househol...

This paper provides the first real-world evidence of Giffen behavior, i.e., upward sloping demand. Subsidizing the prices of dietary staples for extremely poor households in two provinces of China, we find strong evidence of Giffen behavior for rice in Hunan, and weaker evidence for wheat in Gansu. The data provide new insight into the consumption behavior of the poor, who act as though maximiz...

We study optimal monetary stabilization policy in a DSGE model with microfounded money demand. A search externality creates ‘congestion’ which causes aggregate output to be inefficient. Due to the informational frictions that give rise to money, households are unable to perfectly insure themselves against aggregate shocks. This gives rise to a welfare improving role for monetary policy that wor...

We determine market segments by clustering households on the basis of their average choice elasticities across purchases and brands w.r.t. price, sales promotion and brand loyalty. The cluster analysis technique used is a maximum likelihood method which allows varying size and orientation and assumes constant volume. Elasticities originate from choice models with alternatively linear and nonlin...