Abstract The traditional applied demand system estimation assumes that when consumer income and commodity prices change, the consumers instantaneously fully adjust to a new consumption equilibrium level use static such as Static Linear Almost Ideal Demand System (Static LA-AIDS) for estimation. However, in real-life situations, an assumption does not hold take time settle level. Hence, dynamic ...

Despite the advantages of structural labor supply methods, many recent papers cite the arguments of MaCurdy et al. as a reason for avoiding structural methods, and instead use simple estimation methods such as differences in differences. This paper examines the role of economic assumptions in structural labor supply methods and how some of the assumptions may be relaxed. We first show the sourc...

Proponents of the Bayh-Dole Act argue that industrial use of federally-funded research would be reduced without university patent licensing. Our survey of U.S. universities supports this view, emphasizing the embryonic state of most technologies licensed and the need for inventor cooperation in commercialization. Thus, for most university inventions, there is a moral hazard problem with invento...

diffusivity equation commonly used for pressure distribution prediction in porous media results from substituting equation of state and continuity equation in navier-stokes momentum equation. from mathematical point of view this equation format shows infinite propagation speed for pressure pulse through porous media, which is physically impossible. this issue may caused by numerous assumptions ...

The state-preference framework for modeling choice under uncertainty, in which objects of choice are allocations of wealth or commodities across states of the world, is a natural one for modeling “smooth” ambiguityaverse preferences. It does not require reference to objective probabilities, personalistic consequences, or counterfactual acts, and it allows for statedependence of utility and unob...

Mainly because of data limitations, the unitary model (dating back to Becker, among others) has been the common-used theoretical framework in microanalysis of the household labor supply. Because of its simplicity, the household members are assumed to allocate time and consumption in consensus, having the implication that it is the households, not the individuals themselves, that are the interes...

In this paper, we intend to solve special kind of ordinary differential equations which is called Heun equations, by converting to a corresponding stochastic differential equation(S.D.E.). So, we construct a stochastic linear equation system from this equation which its solution is based on computing fundamental matrix of this system and then, this S.D.E. is solved by numerically methods. Moreo...

In this paper, I study the impact of peer effects on the demand for a healthcare good and the subsequent welfare effects of a subsidy program towards its provision. Households face a choice of whether or not to adopt/buy a preventive healthcare good. An interesting characteristic, is that the take-up/consumption of such goods generate positive externalities. In this case, the outcome is such th...