Money demand modelsoverpredicted M2 growth in theUnited States from 1990 to 1993. We examine this overprediction using a model ofhousehold demand for liquid wealth. The model is a dynamic generalization ofthe almost-ideal demand model ofDeaton and Muellbauer (1980). We find that the own-price elasticity ofmoney demand rose substantially after 1990. We also find important cross-price elasticitie...

domestic tourism has an important role in socio-economic development in several ways including creating jobs and improving income distribution. although several researcheshave been done on tourism demand, a small proportion of them have been on domestic tourism. in this paper, the price and expenditure elasticities of the household demand for domestic tourism in iran, focusing on the case of ha...

Abstract: On December 2010, the government of Iran ended the decades-long subsidy program for bread and energy products and launched the Targeted Subsidy Reform program that considerably raised prices of food products. The objective of the study was to measure welfare impacts of food price changes on Iranian urban households between two survey data of 2009/10 and 2011/12 which were taken from I...

Abstract Household equivalent scale is an index to measure the impact of household demographic characteristics, such as the householder’s age and gender, the number of household members, etc., and plays a significant role in measuring poverty and inequality. By taking into account demographic characteristics differences, this index facilitates the reasonable comparison of households’ welfare,...

The two-parameter family of Hermite Distributed Approximating Functionals (HDAFs) is shown to possess all properties that are essential requirements in filter design. When properly scaled, HDAFs provide an arbitrarily sharp high-frequency cut-off while retaining their smoothness. More precisely, bounds on the Fourier transform of the HDAF integral kernel show that it converges almost-uniformly ...

We propose a class of sharing schemes for the distribution of the gains from cooperation for coalition games with externalities. In the context of the partition function, it is shown that any member of this class of sharing schemes leads to the same set of stable coalitions in the sense of d’Aspremont et al. (1983). These schemes are “almost ideal” in that they stabilize these coalitions which ...

In this study, the effect of socioeconomic variables on provincial bread demand using the QUAIDS model has been investigated. In this model, socioeconomic variables such as age, gender and marital status of the head of household, the education level of the head of household and spouse’s head of household, household size, and occupation status of the head household have been used. The virtual va...