INTRODUCTION Consumer-directed care is currently being embraced within Australia and internationally as a means of promoting autonomy and choice in the delivery of health and aged care services. Despite its wide proliferation little research has been conducted to date to assess the views and preferences of older people for consumer-directed care or to assess the costs and benefits of such an ap...

Industrial production practices are constantly being altered through a dynamic and complex process of technology innovation and consumer adoption. Analytical approaches that have explored the potential and cost of reducing energy throughput in the economy (and associated greenhouse gas emissions), have typically treated these dynamics both simplistically and inadequately. This has taken the for...

The global strategy to reduce the harmful use of alcohol launched in 2010 by the World Health Organization includes, amongst several areas of recommended actions, providing consumer information about, and labelling, alcoholic beverages to indicate alcohol-related harm. Labelling requirements worldwide for alcoholic drinks are currently quite diverse and somewhat limited compared to labelling on...

Quality, quantity, and cost of feed resources available for beef production vary from one region of the country to another and within regions, depending upon climatic factors and natural resources available in specific production situations. Diversity among breeds can be exploited by crossbreeding to optimize performance levels and to match genetic resources with the climatic environment, feed ...

This study aims to investigate the impact of different product characteristics, such as price, quality/taste, image/reputation, advertising, packaging, and colour on consumers' purchasing behaviour. An overview of the global, as well as of the Greek and Dutch juice markets, is presented. A comparison of consumers' preferences and attitudes is performed with respect to juices in both countries. ...

This paper studies a complete-market version of the neoclassical growth model, where agents face idiosyncratic shocks to earnings. We show that if agents possess identical preferences of either the CRRA or the addilog type, then the heterogeneous-agent economy behaves as if there was a representative consumer who faces three kinds of shocks, to preferences, to technology and to labor. We calibr...

Weuse aggregation theory to investigate the link between one-consumer andmulti-consumer economies under a quasi-linear class of preferences. Our study is carried out in the context of the neoclassical growthmodel. The quasi-linear preferences considered are additive in consumption and leisure and linear in leisure. We first show that in a homogeneous agents economy, the individual hours worked ...

This paper is the first, to our knowledge, to investigate the cost of financial reporting fraud to the real economy by considering how misinformation about competitors’ profits might lead a firm to make misguided decisions when it updates its strategy each period. We use an agent-based model to show that misinformation might significantly slow and/or inhibit firms’ ability to learn about consum...

As long-term care (LTC) expenditures have risen, policymakers have sought ways to control costs while maintaining consumer satisfaction. Concurrently, there is increasing interest within the aging and disability communities in consumer-directed care. The Cash and Counseling Demonstration and Evaluation (CCDE) seeks to increase consumer direction and control costs by offering a cash allowance an...

Digital information goods potentially provide information producers with a new set of strategies, or price schedules, for offering these goods to a consumer population. If consumer preferences are known, then a producer can choose from the available schedules according to the profits they are able to extract. However, if the population is not known, then a producer must weigh a schedule’s compl...