This paper presents a joint model of residential neighborhood type choice and bicycle ownership. The objective is to isolate the true causal effects of the neighborhood attributes on household bicycle ownership from spurious association due to residential self-selection effects. The joint model accounts for residential self-selection due to both observed socio-demographic characteristics and un...

In developed nations, approximately half of household environments contain pets. Studies of Human-Animal Interaction (HAI) have proposed that there are health benefits and risks associated with pet ownership. However, accurately demonstrating and understanding these relationships first requires a better knowledge of factors associated with ownership of different pet types. A UK birth cohort, th...

We study the house allocation with existing tenants model (introduced by Abdulkadiroğlu and Sönmez, 1999) and consider rules that allocate houses based on priorities. We introduce a new acyclicity requirement for the underlying priority structure which is based on the acyclicity conditions by Ergin (2002) and Kesten (2006) for house allocation with quotas and without existing tenants. We show t...

Using life-history survey data from eleven European countries, we investigate whether childhood conditions, such as socioeconomic status, cognitive abilities and health problems influence portfolio choice and risk attitudes later in life. After controlling for the corresponding conditions in adulthood, we find that superior cognitive skills in childhood (especially mathematical abilities) are p...

The paper develops the idea of configuration of ownership to distinguish three primary political ideologies: (classical) liberalism, conservatism, and leftism. The liberal configuration is atomistic in its recognition of owners and ownership claims; it conforms closely to Adam Smith’s “commutative justice,” which Smith represented as a sort of social grammar. The conservative configuration also...

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...

We provide explicit solutions to life-cycle utility maximization problems involving dynamic decisions on investments in stocks and bonds, consumption of perishable goods, and the rental and the ownership of residential real estate. House prices, stock prices, interest rates, and the labor income of the decision-maker follow correlated stochastic processes. The explicit consumption and investmen...