We reconsider the well known Becker Coase (BC ) theorem according to which changes in divorce law should not affect divorce rates. We do that in a context of households that consume public goods in addition to private goods. For the Becker-Coase theorem to hold in this setting, utility must be transferable both within marriage and upon divorce, and the marginal rate of substitution between publ...

We reconsider the well known Becker-Coase (BC ) argument, according to which changes in divorce laws should not affect divorce rates, in the context of households which consume public goods in addition to private goods. For this result to hold, utility must be transferable both within marriage and upon divorce, and the marginal rate of substitution between public and private consumption needs t...

A model of consumer behavior has been formulated by using an additive utility function and the hedonic pricing approach, in a virtual market. Since, there is a time lag between ordering and purchasing products (goods and services) online and receiving them, it means the consumer makes decision under uncertainty. The level of satisfaction with products with distinctive characteristics is describ...

A class of semi-recursive kernel type estimates of functions depending on multivariate density functionals and their derivatives is considered. The piecewise smoothed approximations of these estimates are proposed. The convergence with probability one of the estimates is proved. The main parts of the asymptotic mean square errors of the estimates are found. The examples of estimation of the pro...

A class of semi-recursive kernel plug-in estimates of functions depending on multivariate density functionals and their derivatives is considered. The approach enables to estimate the production function, marginal productivity and marginal rate of technical substitution of inputs. The piecewise smoothed approximations of these estimates are proposed. The main parts of the asymptotic mean square...

The marginal rate of substitution shows that negatively affected residents Pak Mun Dam are willing to trade three units economic well-being gain one more unit social well-being. Marginal (MRS) provides important information the government regarding such trade-offs. Given limited budget and resources, optimal point combination these dimensions should be determined in order provide better strateg...