The demand model with constant price and income elasticities has been used extensively in applied agricultural economics. This paper analyzes the structure of incomplete systems of constant elasticity demand functions. It is demonstrated that there is a duality theory for incomplete demand...

Recent estimates of absolute poverty in rural and urban India, covering the period up to 1997, are presented. The estimates present a mixed picture of a moderate decline in urban poverty rates, but relatively unchanging levels of rural poverty during the 1990s, which seems largely attributable...

An econometric model of the U.S. dairy market is estimated for the period 1950–80. The economic costs of the dairy program for the period 1965–80 are calculated using ex ante, ex post, and long-run demand and supply functions. Results indicate that the costs of the dairy program...

Using data on mens' and womens' decisions to purchase extended warranties for computers, the authors find that women are more risk averse than men-they are more likely to purchase warranties, all else constant (including their perceptions of risk).

This paper examines the role of political influence in the distribution of federal grants-in-aid to state and local governments. Grants are assumed to be traded for the political capital of state and local politicians and interest groups. As the value of the political capital each group has to...

Looking back 40 years or so, progress against poverty in India has been highly uneven over time and space. It took 20 years for the national poverty rate to fall below - and stay below - its value in the early 1950s. And trend rates of poverty reduction have differed appreciably between states....

The focus of this paper is the impact on welfare measurement of a common assumption in applied demand analysis, weak separability. A standard empirical practice is to estimate conditional demand models for a set of goods which are assumed to be weakly separable from all other goods with...

A theoretical framework based on economics is provided for assessing tourism's costs and benefits. Suppose that resources utilized by tourists are owned by residents and, as marketed goods or services, are priced efficiently. Then increased tourism promotes net average (i.e., Pareto) economic...